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    Future Accountant's Avatar
    Future Accountant Posts: 4, Reputation: 1
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    #1

    Dec 14, 2007, 09:19 PM
    Classified Balance Sheet
    If we have to prepare a classified balance sheet and it's dated as July 13, 2007. And a lis t of accounts are given from which one of the account is "notes receivable (Due on Dec 31, 2007)", would this account go into the balance sheet? If yes, where?

    Thanks for your help!:) :)
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Dec 15, 2007, 03:19 PM
    The notes receivable would go under current assets on your balance sheet

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