Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Classifed Balance Sheets (https://www.askmehelpdesk.com/showthread.php?t=292862)

  • Dec 16, 2008, 12:38 PM
    shortytg2002
    Classifed Balance Sheets
    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.
  • Dec 18, 2008, 07:09 AM
    pready

    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

  • All times are GMT -7. The time now is 07:09 PM.