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Would my prepaid credit card balance be included in the 2000 limit to receive Social Security SSI Or is it not considered a resource since it's a credit card?
Wiki User
∙ 8y ago
If you are being paid for work with a card, it will certainly be considered income. It just depends on the source of the money--you will have to take it up with Social Security.
Wiki User
∙ 8y ago
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What does money measurement mean in accounting terms?
Money is used as the basic measuring unit for financial reporting -A resource will only be regarded as an asset and included in the balance sheet if it can be measured in monetary terms.
Is deprecation included in a balance sheet?
Depreciation is not included in balance sheet it is income statement part and accumulated deprecation is use to show deduction from asset in balance sheet.
Is bank included in the balance sheet?
Yes. The "bank" account usually represents cash deposited into a bank. Cash is an asset, and is included in the balance sheet (the balance sheet lists assets, liabilities, and equity). Therefore, bank is included in the balance sheet under current assets.
Is prepaid interest included in a balance sheet?
No
Is the float included in your account balance?
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Does a liability account go on a balance sheet?
Liabilities are included on the credit side of the balance sheet.
Is sales included in balance sheet?
sales are part of income statement and not shown in balance sheet.
What is a AR considered on a trial balance sheet?
An AR on a Trial Balance sheet is considered as Accounts receivable.
Does equipment get included in the balance sheet?
YES equipment is included. It is a tangible asset, usually long-term.
Is allowance for doubtful accounts included in Balance sheet?
Yes allowance for doubtful accounts is shown in balance sheet
Why do people die every day when people are born?
It is considered a balance of nature. For every death there has to be a life. However with modern day sciences we're shifting the balance of nautre with a longer longevity. This technically leads to overpopulation, with overpopulation comes an over resource tapping to maintain the abundance in growth.
Is accumulared depreciation included in post closing trial balance?
Yes, it is typically credited on the Post-Closing Trial Balance.
