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-   -   Classified Balance Sheet (https://www.askmehelpdesk.com/showthread.php?t=88388)

  • May 2, 2007, 05:58 AM
    sterk88
    Classified Balance Sheet
    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.
  • May 2, 2007, 10:34 PM
    CaptainForest
    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.

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