All Junior Cert Business Studies posts
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    Final accounts and balance sheet ronanmurray

    How do you know what goes into the current assets and the current liabilities????

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      SryanBruen

      A current asset is a good thing but you only have it for a certain amount of time (i.e. Cash).

      A current liability is a bad thing that you have to pay for (i.e. Bank overdraft).

      Current asset - good thing

      Current liability - bad thing

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      ronanmurray

      Thanks!

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      ajacob2013

      Where do expense prepaid and due , and gains prepaid and due go in balance sheet

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      SryanBruen

      Prepaid - current assets

      Due - current liabilities

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      christinaxxc

      to learn where a gain due or expense prepaid goes just learn this formula!

      Gains due-CA Expense due-CL

      Gains prepaid-CL Expense prepaid -CA

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      Sarah2014

      it isn't always prepaid goes into current assets. prepaid subs go into current liabilities.

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      SryanBruen

      Yes I just noticed that thanks.

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      Me

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