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    Mstt's Avatar
    Mstt Posts: 1, Reputation: 1
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    #1

    Jun 7, 2009, 11:42 AM
    Balance sheet
    Does the operating expense and long term debtappear in the liability section of the balance sheet?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jun 7, 2009, 12:38 PM

    Expenses do not appear in a balance sheet. They appear in the Income Statement.

    Long-term debt appears in the Balance sheet in the Liability section.

    The current portion (due within one-year or one operationg cycle) is listed as a Current Liability.

    The rest of the Long-term debt is listed as a Long-Term Liability.

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