answersLogoWhite

0

Assets, Liabilities and Equity Each of these can be further categorized such as Current Assets, Fixed Assets, Other Assets, etc.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

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.


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.


Is prepaid interest included in a balance sheet?

No


Is allowance for doubtful accounts included in Balance sheet?

Yes allowance for doubtful accounts is shown in balance sheet


Why contingent liabilities are not included in the balance sheet?

Contingent liabilities is there in the balance sheet but not really there as It can give misleading information about the condition of the company.


Are withdrawals included on the balance sheet?

Yes withdrawal is shown with drawing account and drawing account is adjusted with owners equity account in balance sheet.


Does equipment get included in the balance sheet?

YES equipment is included. It is a tangible asset, usually long-term.


Is stocks of other corporations included in the balance sheet investment account?

Yes investment account in balance sheet shows the investment in stocks of other companies only.


What financial statement does merchandise inventory at end of period go on?

Closing merchandise inventory belongs on both the income statement and the balance sheet. On the income statement, it is included under Cost of Goods Sold; on the balance sheet it is categorised under Current Assets.


What information is included in a credit card balance sheet?

A credit card balance sheet includes details about the amount of money owed on the credit card, any payments made, interest charges, fees, and the total balance due.