Finance lease is shown as an asset in asset side of balance sheet as well as shown as a liability under long term liability section of balance sheet.
they go on the Non current liabilities as they are not payable within a period of 12 months
Common stock does not appear on the income statement. It is shown on the balance sheet under the equity section.
Loan payments are typically not shown on the income statement. Instead, they are recorded on the balance sheet as a reduction of the loan liability.
The Allowance for bad debts will go the on the debit side of the Balance Sheet. If total debtors are 20000 and 5% is allowed as allowance for bad debts then 19000 will be shown as debtors and 1000 will be shown as allowance for bad debts in the debit side of the Balance Sheet. When the bad debts actually occur for e.g. if next year bad debts of 500 actually turn out, then the allowance will be reduced by Rs. 500 and the bad debts will be shown in the Dr. Side of Profit and Loss Account.
who does financing for timeshares? Some owners go to banks and lending institutions to finance their timeshare loans.
they fall in the first column of a balance sheet
they fall in the first column of a balance sheet
Liabilities are included on the credit side of the balance sheet.
Stationery, as an accounting item, does not appear on a business Balance Sheet. The Balance Sheet is reserved for assets and liabilities. The Income Statement reflects income and expenses and because Stationery is an expense item it will appear on the Income Statement and not the Balance Sheet.
no
yes
Accounts receivable would appear as an asset (+) on a balance sheet.
Interest is part of income statement and shown in income statement and not part of balance sheet.
expenditures and revenue go to income statement while assets, liabilities and capital go to the balance sheet.
Bank overdraft is shown in balance sheet either as a negative amount of bank in asset side or at liability side of balance sheet.
yes..
fixed assets