In the liability section of the balance sheet. Generally showing short terms portions separately from long term portions.
Long term = non current Payable = liability Therefore, I would put it under the Non-Current Liabilities heading in the balance sheet.
credit mortgage payable in the liability side of the balance sheet
Payroll expenses account goes to Profit & Loss account while Payroll payable is a Balance Sheet Liability item... Journal entry:Payroll Expense Account - DR ...........(P&L)Payroll Payable Account - CR ............(B/S)
Rent payable is recorded on the balance sheet under current liabilities. It represents an obligation to pay rent that is due within the next year. This entry reflects the company's outstanding debts related to leased property, impacting the overall financial position of the business.
Under the liabilities section of the balance sheet?
HST paid goes on the credit side or expenses on the balance sheet
Retained Earnings
Current liabilities.
asset side
liability
No.
Defferred tax asset is shown in assets side of balance sheet under head of other assets.