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View Full Version : Classifed Balance Sheets


shortytg2002
Dec 16, 2008, 12:38 PM
I know that the following are considered liabilities, but I am wanting to make sure that I have this right.

Accounts Payable
Interest Payable
Long-term Notes Payable
Capital

Also, how would owner's withdrawals be listed on the balance sheet if they are even listed on there.

pready
Dec 18, 2008, 07:09 AM
Accounts Payable and Interest Payable are Current Liabilities

Long-Term Notes Payable is a Long-term Liability (Except the Current portion due which is a Current Liability)

Capital is Owners' Equity