0

Subjects>Law & Government>United States Government

How to treat Creditor in a balance sheet?

Anonymous

∙ 11y ago

Updated: 11/9/2022

Creditors are the people which gives products on credit to business for payment in future, as it is liability of business so it is shown under current liability at liability side of balance sheet .

Wiki User

∙ 11y ago

What else can I help you with?

Related Questions

How do you Treat debtors in balance sheet?

Debtors is part of current asset and shown there in balance sheet.

How do you treat live stock in balance sheet?

how we treat live stock in balancesheet

How do you treat the revaluation surplus amount in the balance sheet?

you dont lol haha

How to treat interest on capital while preparing balance sheet?

Interest on capital is added on the capital account in balance sheet as interest incurred from capital is based on business entity assumption.

How do you treat business plan in accounting?

one compares the proforma to the current income statement and balance sheet.

Is Loan on balance sheet or off balance sheet?

Loan is on balance sheet

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.

What accounts are balance sheet accounts?

A balance sheet account is any item that is found on the financial statement known as the balance sheet. The figures reflected on the balance sheet, consist of the ending balance of the balance sheet account. After all the transactions are posted in the individual balance sheet account's "T" account (involving debits and credits), the ending balance is the amount found on the balance sheet.

Grouping and marshalling in balance sheet?

grouping and marshalling in balance sheet grouping and marshalling in balance sheet

Is there a difference between a merchandiser's balance sheet and a service company's balance sheet?

Yes in merchandiser balance sheet there is stock of items available in balance sheet while in services balance sheet there is no inventory item available.

What is a pro forma balance sheet?

Proforma balance sheet is a projected balance sheet to predict the future of business.

Why we treat profit and loss account balance in asset side of balance sheet?

whenever net loss is done we shown assets side under head miscelenious asets to written off

Trending Questions

What were the short term effects of the supreme court's decision in Brown versus board of education of Topeka? Use checks and balances in a sentences? What sort of courses are suited to hands-on training? I went on to foxy bingo and it said your account is now under a period of self exclusion you wil not be able to log into this account until the period ends on gmt what is this? Can an army of five jet planes J7W2 Shinden Kai or Ki-201 Karyu destroy two F-22 Raptors? Should the president be subject to civil trials while in office why or why not? From what source does congress get its investigation powers? How do you spell warm hearted? Did Chuck Beickel ever dealt with alleged ponzi schemer Ray Morris? What statements is related to the presidency of Herbert Hoover? Who was the Governor of Tennessee in 1941? Who was the Governor of Nevada in 1941? Where do you enter gross profit on an income statement? Do graduates of the Naval Academy get deployed? What was the results of the 1816 Electoral College vote? How do you pronounce the word cacahuatl? How much do Philippines military get paid? What are the perceptions of people to the obese policeman? How might creditors use this information that contained in financial statements? Do you have a list of names of soldiers killed in Vietnam 1965 from Airborne 179?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.