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Reorganize the accounts in the right order:
Bank and other loans
Accounts payable and accrued expenses
capital asset
dividends payable
inventories
long-term debt
other assets
other expense
owner's equity
depreciation and amortization expense

2007-09-14 12:11:02 · 2 answers · asked by Anonymous in Business & Finance Other - Business & Finance

2 answers

There is no right or wrong order in presenting a/cs. Some companies present balance sheet 1st, some income statements come 1st. Nevertheless, I'll give it a try, starting with the balance sheet.

BALANCE SHEET
Non-current assets:
Capital asset
Other assets (assuming they're non-current)
Current assets:
Inventories

Non-current liabilities:
Long-term debt
Current liabilities:
Accounts payable and accrued expenses
Dividends payable
Bank and other loans (assuming current)

Equity
Owner's equity

INCOME STATEMENT
Depreciation and amortization expense
Other expense

Your income statement doesn't have any revenue?

2007-09-14 20:40:41 · answer #1 · answered by Sandy 7 · 0 0

First, your question should read 'In what order does the financial statement go in accounting?' Earliest to most recent is my answer.

2016-05-19 22:04:12 · answer #2 · answered by ? 3 · 0 0

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