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Where does mortgage interest go on a balance sheet?
they go on the Non current liabilities as they are not payable within a period of 12 months
Where does common stock go on the income statement?
Common stock does not appear on the income statement. It is shown on the balance sheet under the equity section.
Where do loan payments go on the income statement?
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.
Where the allowance for bad debts goes in balance sheet debit or credit?
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 can finance a timeshare loan?
who does financing for timeshares? Some owners go to banks and lending institutions to finance their timeshare loans.
Where do fixed assets go on balance sheet?
they fall in the first column of a balance sheet
Where do fix assets go on a balance sheet?
they fall in the first column of a balance sheet
Does a liability account go on a balance sheet?
Liabilities are included on the credit side of the balance sheet.
Where does stationary go on a balance sheet in business studies?
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.
Do expenses go on a balance sheet?
no
Do drawings go on a balance sheet?
yes
Does accounts receivable go on a balance sheet as liabilities and equity?
Accounts receivable would appear as an asset (+) on a balance sheet.
Where does interest go on balance sheet?
Interest is part of income statement and shown in income statement and not part of balance sheet.
What goes on income statement and what goes on balance sheet?
expenditures and revenue go to income statement while assets, liabilities and capital go to the balance sheet.
Where does overdraft go to balance sheet or profit and loss account?
Bank overdraft is shown in balance sheet either as a negative amount of bank in asset side or at liability side of balance sheet.
Does interest receivable go on a balance sheet?
yes..
Where do investments go in the balance sheet?
fixed assets
