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Do we owe the balance of a chiropractic bill accrued after benefits were cancelled unknown to us?
Yes. However, you could always ask to go on a payment plan. Usually Chiropractors are very flexible with this. The Chiropractors office could have told you that you were no longer covered under insurance and that you have to submit a new plan if you want to be covered. Michael FindYourPolicy.com
What else can I help you with?
Do accrued expense accounts have debit balance?
accrued expense has debit balance like all other expenses.
Is accrued expenses is debit or credit in trial balance?
Accrued expenses are also expenses which are accrued but not paid yet so these are also shown in debit side of trial balance.
What is the balance identifier for accrued?
E
What is the balance identifier for accrued expenditures unpaid?
It is U
What is the balance identifier for accrued expenditures paid?
E
What is the normal balance for other accrued expenses?
The normal balance for other accrued expenses is typically a credit balance. Accrued expenses represent liabilities that a company has incurred but has not yet paid. Therefore, when these expenses are recorded, they increase the liability account, which is reflected as a credit. This normal balance helps ensure that the company's financial statements accurately reflect its obligations.
Accrued revenues would appear on the balance sheet as?
dont no
What is the balance identifier for the accrued expenditures unpaid stage?
The Answer is "U"
What is the treatment of Interest on Debentures Accrued but not due in the Co's Balance Sheet?
In the Co's Balance Sheet: Interest on Debenture Accrued but not due is to be taken under the head Current Liabilities. Where as Interest on Debenture Accrued and Due is taken under the head Secured Loan.
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Where do you put the accrued income taxes on the balance sheet?
Under the liabilities section of the balance sheet?
Where does accrued interest on notes receivable go on a balance sheet?
Accrued interest which is to be received within 12 months is a current asset.
