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What else can I help you with?
Do accounts payable go on an income statement?
No they belong under the liabilities section on a Balance Sheet
In which chart of accounts does property tax belong?
Property Tax goes in the Expense section of the Chart of Accounts
Does common stock at par belong to category balance sheet or income statement?
Common stock is part of owners equity and like all owner equity accounts it is also shown in equity section of balance sheet.
Which part of the elements of financial statements does sales belong to?
If I understand your question correctly, sales is revenue, which is part of owner's equity. So you would use that amount in your income statement, and your trial balance (if you use one).
What category of element of financial statement does depreciation belong on?
Depreciation belongs to the category of expenses on the income statement. It represents the allocation of the cost of tangible assets over their useful lives, reducing the asset's book value and reflecting the wear and tear on the asset. This non-cash expense impacts net income and is also recorded on the balance sheet as a reduction in the asset's value.
What financial statement does a accounts payable belong?
Accounts Payable belongs in the Balance Sheet as a Current Liability.
What does a subsidiary ledger show?
A subsidiary ledger provides detailed information about specific accounts that belong to a general ledger account. It breaks down the transactions and balances for individual components, such as accounts receivable, accounts payable, or inventory, allowing for better tracking and management of financial data. This detailed information supports the accuracy and transparency of the overall financial statements.
Do accounts payable go on an income statement?
No they belong under the liabilities section on a Balance Sheet
Which accounts belong in accounts payable ledger?
belong to credits
How do you calculate common equity in a financial statement?
To calculate common equity in a financial statement, subtract total liabilities from total assets. This will give you the common equity, which represents the portion of a company's assets that belong to its common shareholders.
What part of the elements of financial statements does loss on sale of equipment belong to?
Loss on sale of equipment is shown in income statement as other loss.
What does not belong in the M2 category?
The M2 category includes cash, checking accounts, and easily convertible near-money assets like savings accounts and money market accounts. However, items like stocks, bonds, and other securities do not belong in the M2 category, as they are not considered liquid money or near-money assets. Instead, they are classified under different financial categories, such as investments.
In which chart of accounts does property tax belong?
Property Tax goes in the Expense section of the Chart of Accounts
What industry Bloomberg belong to?
Financial Services
Who are accounts prepare for?
Not sure, but all your base are belong to us.
Does common stock at par belong to category balance sheet or income statement?
Common stock is part of owners equity and like all owner equity accounts it is also shown in equity section of balance sheet.
Which part of the elements of financial statements does sales belong to?
If I understand your question correctly, sales is revenue, which is part of owner's equity. So you would use that amount in your income statement, and your trial balance (if you use one).
