answersLogoWhite

0

Yes. The "bank" account usually represents cash deposited into a bank. Cash is an asset, and is included in the balance sheet (the balance sheet lists assets, liabilities, and equity). Therefore, bank is included in the balance sheet under current assets.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Is deprecation included in a balance sheet?

Depreciation is not included in balance sheet it is income statement part and accumulated deprecation is use to show deduction from asset in balance sheet.


What is bank balance sheet?

A bank balance sheet is a financial statement that says what the balances of your accounts are and the activity.


Principal accounts on a bank's balance sheet?

Loan account is the most important account in the bank's Balance sheet.


Does a liability account go on a balance sheet?

Liabilities are included on the credit side of the balance sheet.


Is sales included in balance sheet?

sales are part of income statement and not shown in 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.


Is prepaid interest included in a balance sheet?

No


Is bank account a balance sheet item or income statement?

Bank account is actual bank account and it is asset of business and like all other assets which are shown in balance sheet bank account also shown under current asset portion of balance sheet.


Is allowance for doubtful accounts included in Balance sheet?

Yes allowance for doubtful accounts is shown in balance sheet


Does paying insurance expense affect balance sheet?

Payment of insurance expense affects the balance sheet as it reduces the cash or bank balance which is part of balance sheet as well.


Is a bank loan considered an asset or a liability on a company's balance sheet?

A bank loan is considered a liability on a company's balance sheet because it represents money that the company owes to the bank.


Why there is bank overdraft even though business making profit?

overdraft is included in balance sheet not in income statement which calculates gross and net profit

Trending Questions
What happened to Election Day being the Tuesday after the first Monday in November and Where did this early voting thing start? Why do you honor the people who fought in any war on Veterans Day? How many classes of post graduate classes would you have to take to be a full time student? What consumer behavior is the Federal Reserve Board trying to encourage when it implements a loose monetary policy? What are the US army's planes for the replacement for the m16a4? How do stock options work? United States supreme court decisions in cases involving the first amendment to the federal constitution generally reflect the principle to? What month did James Monroe serve in the army? What is deducted from a workers paycheck to fund social security and medicare? When does crack leave your system if i way 170 pounds? Who pays the most income tax in the United States? How much money can you make in one hour with an associate of science degree? What led William McKinley run for president? Is the immediate knowledge of the conditions of the military operation constrained geographically and in time? What did the NAACP have to do with the brown vs board of education? What are some of the services offered by Citibank? Who is the actress in the Bowflex Treadclimber commercial? Do Army Reserve 6 months active duty and 5.5 years reserve duty count as a veteran? James A. Garfield was the first President to campaign bilingually What language other than English did he use during campaign speeches? Does rusell wilson have siblings?