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
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
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.
Thank you for your help.
Dell
Advances from clients
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