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Accounting course please help??? |
I am making a classified balance sheet and i have put everything in the categories (current assets, long term investments, property plant and equipment, intangible assets, current liabilities, long term liabilities, stockholders equity.) my question is where do i put expenses such as insurance expense, interest expense, and depreciation expence. and where do i put revenues? please help Expenses are considered liabilities. Your insurance and interest should go under short term, while the depreciation should go under long term since it's taken over a period of years. |
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