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Rent payable is recorded on the balance sheet under current liabilities. It represents an obligation to pay rent that is due within the next year. This entry reflects the company's outstanding debts related to leased property, impacting the overall financial position of the business.
What else can I help you with?
Where will you put mortgage payable on a general ledger?
credit mortgage payable in the liability side of the balance sheet
Were do put long term notes payable on the balance sheet?
Long term = non current Payable = liability Therefore, I would put it under the Non-Current Liabilities heading in the balance sheet.
Is rent included in accounts payable?
Yes, it can be, if rent for the following month is not paid prior to the month end. if not, you put it under prepaid rent because you already paid for it.
Where to put rent expenseon financial statement?
in p&L a/c
Where should i put carriage inwards in Trade payable control account?
trading account expenses
Where will you put mortgage payable on a general ledger?
credit mortgage payable in the liability side of the balance sheet
Were do put long term notes payable on the balance sheet?
Long term = non current Payable = liability Therefore, I would put it under the Non-Current Liabilities heading in the balance sheet.
Is rent included in accounts payable?
Yes, it can be, if rent for the following month is not paid prior to the month end. if not, you put it under prepaid rent because you already paid for it.
Where do you put notes payable on a balance sheet?
In the liability section of the balance sheet. Generally showing short terms portions separately from long term portions.
Where to put rent expenseon financial statement?
in p&L a/c
Rent escalated on 1 June by 10 and the payment for Decmeber was only done in January. The rent per month is 704. Need to put this in a balances sheet?
Rent escalated on 1 June 2005 by 10% and the payment for Decmeber 2005 was only done in January 2006. The rent per month is 704. Need to put this in a balances sheet?
How do you put the payroll on a balance sheet?
Payroll expenses account goes to Profit & Loss account while Payroll payable is a Balance Sheet Liability item... Journal entry:Payroll Expense Account - DR ...........(P&L)Payroll Payable Account - CR ............(B/S)
What commission is payable on transactions?
in the trading and profit and loss account where do i put commission payable
Accrued expenses are expenses that have been paid but not incurred?
Accrued expenses are paid after being put on the company's financial books. Every entry that is adjusted for accrued expenses is listed as a debit on an expense account, increased expenses on an income statement, net income reduction, credit on a payable account, and increased liability on the company's balance sheet.
Bills payable is personal ac yes or no?
It very well could be. But just remember this: Never combine your personal accounts with business accounts in any way shape or form! Not only is it illegal, but it will put you in financial distress for sure!
What do you put shrinky dinks on?
You can put them on a cookie sheet.
What can I do to put my guest home for rent?
If you want to put your guest home up for rent you can put an advertistment on www.craigslist.com or your local yellow pages and start interviewing people
