Classifying items on balance and income sheet

rebecca2003 · #1 Mar 10, 2009, 03:44 AM

Could someone help me classifying these items into categories for Balance and Income sheet and perhaps than I will be able to solve the problem I mentioned in my question posted few days ago.

CAPITAL - it goes under Equity on Balance sheet. How and do I register it on Income sheet?

Retained earnings-go under Equity on Balance sheet. How and do I register it on Income sheet?

Cash at bank-is current asset on Balance sheet. How and do I register it on Income sheet?

Accumulated depreciation-goes under non-current asset on Balance sheet (as contra asset or liability). How and do I register it on Income sheet?

Depreciation expence - goes under general and admin expences on Income sheet. How do I register it on Balance sheet?

Thanks a million in advance for all the help.

rebecca2003 · Mar 10, 2009, 04:45 AM

Rolcam,

Thank you. As evident, I am not an expert nor am I studying accounting and I couldn't find the answers anywhere. I had it in my head that all the items need to be on balance AND income sheet.

Thank you so much...