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Balance sheet

  • 30-01-2010 2:43pm
    #1
    ontour
    Closed Accounts Posts: 330 ✭✭


    Where in a balance sheet would you put long term loan? Thanks


Comments

  • #2
    techman
    Registered Users, Registered Users 2 Posts: 102 ✭✭techman


    A long term loan is a long term liability so you would put it in the "Financed by" section after Capital and Net Profit if you are doing the Balance Sheet for a Sole Trader.

    Are you doing the BS for a Sole Trader or a Company?


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