Interest payable is the interest which is not yet paid and required payment to be made so it is the liability of the company and that's why it will show as a current liability under liability side of the balance sheet.
Trade payables, or accounts payable, are categorised under Current Liabilities in the balance sheet.
Dividends payable are part of balance sheet as liability and shown under liability side of business.
yes..
No they belong under the liabilities section on a Balance Sheet
Notes payable is same like accounts payable a liability of business and it is shown under current liability section of balance sheet.
I think it would go under your liabilites..
they go on the Non current liabilities as they are not payable within a period of 12 months
Loan interest payable is not shown in income statement rather it is shown in liability side of balance sheet in current liability section.
Sales tax payable is a current liability and is presented on the credit side of the balance sheet-
Trade payables, or accounts payable, are categorised under Current Liabilities in the balance sheet.
deductions
On the balance sheet accounts payable are located under current liabilities.
Dividends payable are part of balance sheet as liability and shown under liability side of business.
Interest is part of income statement and shown in income statement and not part of balance sheet.
Sales commission payable is not part of income statement and it is shown in balance sheet as current liability in liability side of balance sheet.
yes..
No they belong under the liabilities section on a Balance Sheet