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What else can I help you with?
Do drawings go on a balance sheet?
yes
Do you put GST or HST on the balance sheet?
HST paid goes on the credit side or expenses on 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.
Where to put deferred tax assets in the balance sheet?
Defferred tax asset is shown in assets side of balance sheet under head of other assets.
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 to record drawings in balance sheet?
Drawings are recorded as a reduction of owners equity at equity side of balance sheet.
Where do you record drawings in the balance sheet?
asset
Do drawings go on a balance sheet?
yes
Is the drawings account an expense account?
The Drawings account is not an expense account. It is a contra equity account. Therefore, it appears on the balance sheet.
Where do you put the accrued income taxes on the balance sheet?
Under the liabilities section of the balance sheet?
Where is a drawings account recorded in double entry booking?
It would be a credit to bank and a debit to the capital account. Most of the time there will be a drawings account, but it will be by the capital in the balance sheet.
Do you put GST or HST on the balance sheet?
HST paid goes on the credit side or expenses on the balance sheet
Where on the balance sheet do you put a deficit?
Retained Earnings
Where are accruals put on the balance sheet?
Current liabilities.
Where do you put retained earnings on a balance sheet?
liability
Do you put cash value of life insurance on the balance sheet?
No.
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.
