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No they belong under the liabilities section on a Balance Sheet

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13y ago

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Where does accounts payable go on a multiple step income statement?

By definition Accounts Payable is a liability and belongs on a Balance Sheet. Only income and expenses are included in an Income Statement.


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Where does Trade accounts payable go balance sheet or income statement?

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Does bills payable go on the income statement?

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Where does sales commission payable go on the multiple-step income statement?

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Where doe accounts receivable go on income statement?

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