0
yes it goes under Stockholders Equity and it is a deduction to the equity account.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Do expenses go on a balance sheet?
no
Do drawings go on a balance sheet?
yes
Does accounts receivable go on a balance sheet as liabilities and equity?
Accounts receivable would appear as an asset (+) on a balance sheet.
What goes on income statement and what goes on balance sheet?
expenditures and revenue go to income statement while assets, liabilities and capital go to the 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 are secondary stock offering recorded on the balance sheet?
if a company made a secondary offering of stock and raised an additional $150,000 where do it go a Trial Balance Sheet
Where do fix assets go on a balance sheet?
they fall in the first column of a balance sheet
Where do fixed assets go on balance sheet?
they fall in the first column of a balance sheet
Does preferred stock go on the balance sheet?
Prefered Stock is one type of share capital issue to public with preferential rights available to them like they must get return on shares whether company earns profit or loss they are the people get their returns etc. So as it is a type of share capital so it also includes in share capital of company and shown in owner's equity part of liability side 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 a liability account go on a balance sheet?
Liabilities are included on the credit side of the balance sheet.
Where does stationary go on a balance sheet in business studies?
Stationery, as an accounting item, does not appear on a business Balance Sheet. The Balance Sheet is reserved for assets and liabilities. The Income Statement reflects income and expenses and because Stationery is an expense item it will appear on the Income Statement and not the Balance Sheet.
Do expenses go on a balance sheet?
no
Do drawings go on a balance sheet?
yes
Where does interest go on balance sheet?
Interest is part of income statement and shown in income statement and not part of balance sheet.
Does accounts receivable go on a balance sheet as liabilities and equity?
Accounts receivable would appear as an asset (+) on a balance sheet.
Where does overdraft go to balance sheet or profit and loss account?
Bank overdraft is shown in balance sheet either as a negative amount of bank in asset side or at liability side of balance sheet.
