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On a balance sheet what does members' deficit mean?

On a balance sheet, Members' Deficit indicates that there is a lack of equity for the company's capital investors. Usually this account would be known as members' equity, but because the said equity is negative there exist instead a deficit.


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 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


Where are surplus shown in balance sheet?

With non-profit organisations, when the balance sheet doesn't show a loss, but what would be classified a profit for profit organisations, it is called a surplus. When it is what would be considered a loss for profit organisations, it is called a deficit.


Does Brazil have a balance of payments surplus or deficit?

It has a balance of payments deficit.


Do you put cash value of life insurance on the balance sheet?

No.


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 do you put notes payable on a balance sheet?

In the liability section of the balance sheet. Generally showing short terms portions separately from long term portions.


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.