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Is assets accounts are shown on the right side of the balance sheet?

YES


Are raw materials on the balance sheet?

yes, it is part of your assets. Balance sheet carries assets on the left side and liabilities and owners equity on the right side.


The Balance sheet in India the liability is on the left hand side asset is on the right hand side?

Liabilities' side of balance sheet deals with how the funds are raised whereas the assets' side of balance sheet deals with how the funds are invested. Firstly the funds are raised (by incurring liabilities) after which they are invested (asset formation). Left-to-right is a general way of reading/writing, hence the liabilities side would appear before assets.


What comes in debit side of balance sheet?

on the debit side of the balance sheet, we have the assets of a company. There are current assets and fixed assets and they should be equal to the Liabilities + the equity of a company.


Is this stament true. Asset accounts are listed on the right side of the accounting equation.?

False. Assets have debit balances which are on the left hand side of a journal entry or trial balance.


Why losses are recorded on assets side in balance sheet as per company view?

Loss account has debit balance that is why all loses and assets are recorded in assets side same as all profits and liaibities are recorded at liabilities side


What is the two forms of balance sheet?

The report form style of the balance sheet shows assets, liabilities and stockholder's equity in a "downward" or vertical formation. In an account form style of the balance sheet, the assets are on the left side where the liabilities and stockholder's equity show on the right side or in a "horizontal" presentation.


Company laws relating to financial structure?

The right side of a firm's balance sheet, detailing how its assets are financed, including debt and equity issues.


What is the difference between debit and credit in accounting?

In accounting, debit and credit are two sides of the same transaction. Debit represents money going out or an increase in assets, while credit represents money coming in or a decrease in assets. Debits are recorded on the left side of an account, while credits are recorded on the right side.


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.


Why the assets and laibilities sides of balance sheet is equal?

Accounting is based on the formula of Assets = Liabilities + Owner's Equity. the DR side of a balance sheet are the Assets while the CR side records Liabilities & Owner's Equity. Hence for the formula to be effective, both side of the balance sheet must be equal (balance). PS: It's not the asset and liabilities side but rather the Debit and Credit side.


Are assets on left or right of ledger and liabilities?

Left