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accounting11
Nov 18, 2008, 02:36 AM
I am trying to understand how to log mortgage payable to the balance sheet, presently the worksheet has 450, a note is that 200 is to be in the year.

pready
Dec 12, 2008, 07:56 PM
A mortgage Payable will go in up to 2 sections in the balance sheet

1. The current portion due goes in current liabilities section.

2. The portion over 1 year due goes in the long-term liabilities section.

peterchan
Feb 15, 2011, 08:43 PM
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