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because it needs to be repaid
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∙ 11y ago
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Does dividends go on a balance sheet?
Dividends payable are part of balance sheet as liability and shown under liability side of business.
Is there a difference between a partnership balance sheet and a corporation balance sheet?
In partnership balance sheet capital of all partners is shown while in corporate balance sheet capital of all share holders is shown.
Is accounts payable shown on the balance sheet?
Yes, it's listed as a current liability on the balance sheet.
How is treasury bond shown on a balance sheet?
contigent liability
Interest payable found on the balance sheet?
Interest payable is liability for business that's why shown under liability side of balance sheet of business.
How is a bond recorded on the balance sheet?
Bond is issued to raise capital which is liability for business and shown under liability section of balance sheet.
Where do finance leases go on the balance sheet?
Finance lease is shown as an asset in asset side of balance sheet as well as shown as a liability under long term liability section of balance sheet.
Does Capital Stock go on Income Statement?
capital stock is liability for business and like all other liabilities it is also shown under liability section of balance sheet.
Does dividends go on a balance sheet?
Dividends payable are part of balance sheet as liability and shown under liability side of business.
Where contingent liability shown in balance sheet?
Contingent liability is not shown in balance sheet because the actual occurance or amount of liability is unknown until some specific future time or event that's why it is shown as note in notes to financial statement section.
Is there a difference between a partnership balance sheet and a corporation balance sheet?
In partnership balance sheet capital of all partners is shown while in corporate balance sheet capital of all share holders is shown.
Is accounts payable shown on the balance sheet?
Yes, it's listed as a current liability on the balance sheet.
Where does bank go in a trading profit and loss account or balance sheet?
Well salaries payable is liability of an organization . This is a current liabilities so they are posted in capital and liability side of a balance sheet.
How is treasury bond shown on a balance sheet?
contigent liability
Interest payable found on the balance sheet?
Interest payable is liability for business that's why shown under liability side of balance sheet of business.
Why profit is at liability side?
Profit is part of owners equity that's why profit is shown as an addition to paid in capital or owners equity section and that's why it is also shown in liability side of balance sheet.
What element of financial statements interest payable belong?
Interest payable is liability to be cleared in future that's why shown in liability side of balance sheet.
