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What are the two items listed on a off balance sheet?

Anonymous

∙ 15y ago

Updated: 9/16/2023

1: Contingent liabilities such as a Letter of Credit. 2: Bank Guarantees.

Wiki User

∙ 15y ago

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What is off balance sheet items?

Off balance sheet items means assets which is used by business but not shown in business like lease asset etc.

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.

Can you give examples of off balance sheet items?

off balance sheet items means: Important things relevant to the growth, survival of a company not able to disclosed in a balance sheet as balance sheet always in figures only. hence footnotes will be given called as notes on account. example: a balance sheet is prepared on 31st march. auditor certify balance sheet on june 30th but fire accident happened in the company on june 15th and total assets of the company destroyed. hence while certifying the balance sheet on june 30th, while giving the figures of values of assets of the company on 31st march, the AUDITOR SHOULD REPORT the loss of the assets and the drastic position happened to the company in the notes on account. otherwise the balance sheet gives wrong picture. like that off balance sheet items means: new opportunities grabbed by the co. new deals. new projects etc., which can not be disclosed in balance sheet.

Is bond a on balance sheet or off balance sheet item?

A bond is a liability that is recorded on the balance sheet as part of long term liabilities.

What is the difference between contingent liability and off balance sheet liability?

There is no difference between Contingent Liability and Off Balance Sheet Liability.

Related Questions

What is off balance sheet items?

Off balance sheet items means assets which is used by business but not shown in business like lease asset etc.

Are loan commitments an off balance sheet items?

yes

How does the financial crisis impact the balance sheet?

Accounting Standards regarding off-balance sheet items are going to be tigtened in the forseeable future.

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.

Can you give examples of off balance sheet items?

off balance sheet items means: Important things relevant to the growth, survival of a company not able to disclosed in a balance sheet as balance sheet always in figures only. hence footnotes will be given called as notes on account. example: a balance sheet is prepared on 31st march. auditor certify balance sheet on june 30th but fire accident happened in the company on june 15th and total assets of the company destroyed. hence while certifying the balance sheet on june 30th, while giving the figures of values of assets of the company on 31st march, the AUDITOR SHOULD REPORT the loss of the assets and the drastic position happened to the company in the notes on account. otherwise the balance sheet gives wrong picture. like that off balance sheet items means: new opportunities grabbed by the co. new deals. new projects etc., which can not be disclosed in balance sheet.

Off balance sheet activities?

Off balance sheet activities are those activities which do not show any impact on balance sheet like operating lease in which company uses the assets but not shown in balance sheet.

Is bond a on balance sheet or off balance sheet item?

A bond is a liability that is recorded on the balance sheet as part of long term liabilities.

What are the off balance sheet financing?

Off balance sheet financing means those agreement due to which asset is used by business but no affect on balance sheet like operating lease.

What is the difference between contingent liability and off balance sheet liability?

There is no difference between Contingent Liability and Off Balance Sheet Liability.

Can you give the list of items coming in off balance sheet?

-Under-funded pension -operating lease -factoring accounts receivable -risk of lawsuits

When do leases provides off balance sheet financing?

Operating lease provide the off balance sheet financing because in that case company enjoys to use the asset but it is not shown in balance sheet which keeps the ratios in favourable conditions.

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