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Where do you place franchise in a classified balance sheet?
intangible asset
Difference between on balance sheet financing and off balance sheet financing?
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
What is a pro forma balance sheet?
Proforma balance sheet is a projected balance sheet to predict the future of business.
What does it mean a balance sheet does not balance?
my balance sheet does not balance why?
What are post balance sheet items?
Post balance sheet items are those items which arise after closing date of balance sheet that's why called post balance sheet items.
Are prepaid accounts assets shown on the balance sheet?
Yes. They are shown as Prepayments (and sometimes lumped together with Deposits) and categorised under Current Assets.
Where do you place vehicles in classified balance sheet?
Assest side of balance sheet
Where do you place extraordinary gains on a balance sheet?
Extra ordinary gains is shown in income statement of the company and it is not shown in the balance sheet of the company.
Where do you place franchise in a classified balance sheet?
intangible asset
Is Loan on balance sheet or off balance sheet?
Loan is on balance sheet
Difference between on balance sheet financing and off balance sheet financing?
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
Where do you place mortgage payable in a classified balance sheet?
In the liabilities section
Where do you place patent in a classified balance sheet?
Answer:Under 'Intangible assets'.
Grouping and marshalling in balance sheet?
grouping and marshalling in balance sheet grouping and marshalling in balance sheet
What accounts are balance sheet accounts?
A balance sheet account is any item that is found on the financial statement known as the balance sheet. The figures reflected on the balance sheet, consist of the ending balance of the balance sheet account. After all the transactions are posted in the individual balance sheet account's "T" account (involving debits and credits), the ending balance is the amount found on the balance sheet.
Is there a difference between a merchandiser's balance sheet and a service company's balance sheet?
Yes in merchandiser balance sheet there is stock of items available in balance sheet while in services balance sheet there is no inventory item available.
Where do you place capital appreciation on the balance sheet asset or an equity entry?
Capital is an equity of company so capital appreciation is also come to equity part of balance sheet.
