sterk88
May 2, 2007, 05:58 AM
Is there any particular spot? I figured because it was a payable it was a liability but does it matter where it goes under liabilities.
CaptainForest
May 2, 2007, 10:34 PM
You mean the ordering of Current Liabilities?
For the most part, it doesn't matter.
For Current Assets, you should list them in order of liquidity.
For Current Liabilities, I think you list them by amount owning, but I'm not sure. It doesn't really matter unless you have tons and tons of Current Liabilities on your Balance Sheet.