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-   -   Claasified balance sheet (https://www.askmehelpdesk.com/showthread.php?t=136853)

  • Oct 3, 2007, 07:53 PM
    babybeardot
    Claasified balance sheet
    If there were fees earned and a depreciation expense and capital withdrawals where do they go on a classified balance sheet?
  • Oct 4, 2007, 12:51 PM
    CaptainForest
    Fees Earned would be Revenue, which go on the income statement.

    Depreciation expense is an expense, goes on the income statement.

    Capital withdrawals go on the balance sheet under shareholder's equity.

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