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Dell
Feb 12, 2006, 07:45 AM
1- The current section of a balance sheet includes which one of the following accounts?

1- Office Expenses
2- Accumulated depreciation
3- Advances from Clients
4- Mortgage Payable

Thanks for your help
Dell

LeeAnnMemphis
Feb 12, 2006, 10:33 AM
Office Expenses- that is an Expense, goes on income statement.
Accumulated deprecation- Long term asset
Mortgage payable- that is a long term liability
Advances from Client- that is a current liability, so
3 is the answer.

Dell
Feb 12, 2006, 10:50 AM
Thank you for your help.
Dell

manik chand dey
Dec 15, 2007, 02:41 AM
Advances from clients