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Who is the expense it is shown in income statement & balance sheet, But physically not shown. It is very important expense due to some

who is the expense it is shown in income statement & balance sheet, But physically not shown. It is very important expense due to some variation net income & profit & loss a/c is effected.

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Question ajoutée par Munir Hussain , Finance Supervisor , waridtelecom
Date de publication: 2014/02/24
manaf almas
par manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

Expenses do not come under balance sheet. Balance sheet include only assets and liabilities..

some expense shown in income statement but not cash out flow for those expenses are as follows;

Depreciation

provision

loss on sale etc

sujatha mohanan
par sujatha mohanan , LEVEL 8 , HSBC Bank

Expenses are not shown in  Balance sheet. All expenses are shown in P & L A/c as they are all nominal accounts.

Racquel Barker
par Racquel Barker , Accounting and Office Manager , Matahari Enterprises Ltd

This is accrued expenses.  It is shown under the relevant expenses (mainly utilities) in the Income Statement and shown under accruals or accrued expenses on the Balance Sheet.

SHAJI KEETHARIKKANDY CHERUVAKKODAN
par SHAJI KEETHARIKKANDY CHERUVAKKODAN , Finance Manager , Gulf Steel Factory Company

Expences shown only in income statemnt, balance sheet shows out standing expences under current liability.

GIRIDHAR BABU GALI
par GIRIDHAR BABU GALI , Finance Controller , Microcom Solution Private Limited (Offshore division of Microexcel Inc

All non-cash expenses are to be accounted by following standards. for eg: depreciation, impairments, revaluation losses, etc. for these expenses there is no outflow of cash, but very crucial to decide the cost of production/cost of goods sold. The advantages include these expenses are allowable for tax purposes and sometimes investment decision may depend on actual profit i.e. profit + non cash expenses. 

 

Md. Kazi Mahabub Murshed
par Md. Kazi Mahabub Murshed , Senior Financial Consultant , ACNABIN Chartered Accountants

Fictitious Assets and it's Amortization.

FITAH MOHAMED
par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

The fame

Sameer Khan
par Sameer Khan , Financial Accountant , Centro Salama by Rotana

Defferred tax liabilities.

IMRAN  ALI
par IMRAN ALI , Financial Accountant , Navi Doha Industries

Exepenses is shown on income statement debit side.

Utilisateur supprimé
par Utilisateur supprimé

In all my study and work i didnot include any expense in balance sheet cause only assets and liabilities shown in balance sheet . thank you 

Vahab Sahvi
par Vahab Sahvi , chief accountant , Islamic Republic Of Iran Shipping Line

An intangible asset is an asset that is not physical in nature or show. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.

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