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Were do put long term notes payable on the balance sheet?
Long term = non current Payable = liability Therefore, I would put it under the Non-Current Liabilities heading in the balance sheet.
Where will you put mortgage payable on a general ledger?
credit mortgage payable in the liability side of the balance sheet
How do you put the payroll on a 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)
What financial sheet do i put rent payable on?
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.
Where do you put the accrued income taxes on the balance sheet?
Under the liabilities section of the balance sheet?
Do you put GST or HST on the balance sheet?
HST paid goes on the credit side or expenses on the balance sheet
Where on the balance sheet do you put a deficit?
Retained Earnings
Where are accruals put on the balance sheet?
Current liabilities.
Where do put drawings in a balance sheet?
asset side
Where do you put retained earnings on a balance sheet?
liability
Do you put cash value of life insurance on the balance sheet?
No.
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.
