My Homework Help logo
  • Our services
    • Math homework Help
    • Excel Homework Help
    • Case Study Assignment Help | Do My Case Study Homework
    • PowerPoint Presentation Help
    • CIPD Assignment Help
    • Civil Engineering Homework Help – Do My Asssignment For Me
    • CPM Homework Help | Do My CPM Assignment For Me
    • Discussion Board Homework Help
    • Finance Homework Help – Do My Finance Assignment For Me
    • Nursing Homework Help
    • Programming Homework Help
    • SPSS Homework Help | Do My SPSS Assignment For Me Cheap
    • Statistics Homework Help
  • About Us
  • How It Works
  • My account
  • Order now
Order Now
Homework Help

With that definition and understanding, find an account that can appear under Assets as well as Liabilities in a Balance Sheet.Explain why or why not this will be possible.

1 min read
Posted on 
May 25th, 2023
Home Homework Help With that definition and understanding, find an account that can appear under Assets as well as Liabilities in a Balance Sheet.Explain why or why not this will be possible.
The Accounts Receivable/Payable is a common account that can be found on both the Assets and Liabilities section of a balance sheet. It is so because the line item usually contains money that’s owed by or to the business. If a company has unpaid invoices, the amount that is owed will be shown as a liability. If money is due from clients for services or goods rendered, it will appear as an asset.

For instance, let’s say that XYZ Company provides web design services for clients and sends out invoices at the end of each month for payment. If this is the case, unpaid invoices from customers will be shown under Accounts Receivable/Payable in their balance sheet until they are collected. It is clear that accounts are classified either as assets or liabilities based on their context and usage over time.

Order an Essay Now & Get These Homework Help Features For Free:

Turnitin Report

Formatting

Title Page

Citation

Outline

Place an Order
Share
Tweet
Share
Tweet
Calculate the price
Pages (275 words)
$0.00
My Homework Help
Company
  • Get Homework Help
  • Home
  • About Us
  • How It Works
Legal
  • About
  • How It Works
How Our Homework Help and Essay Service:
My Homework Help The essays written at My Homework Help are not intended to be forwarded as finalized work, but they can still serve a dual purpose of research and study. My Homework Help does not endorse or encourage any form of plagiarism.
Subscribe
No Spam
  • Math homework Help
  • Excel Homework Help
  • Case Study Assignment Help | Do My Case Study Homework
  • PowerPoint Presentation Help
  • CIPD Assignment Help
  • Civil Engineering Homework Help – Do My Asssignment For Me
  • CPM Homework Help | Do My CPM Assignment For Me
  • Discussion Board Homework Help
  • Finance Homework Help – Do My Finance Assignment For Me
  • Nursing Homework Help
  • Programming Homework Help
  • SPSS Homework Help | Do My SPSS Assignment For Me Cheap
  • Statistics Homework Help
© 2025 My Homework Help. All rights reserved.
My Homework Help will be listed as ‘My Homework Help’ on your bank statement.

WhatsApp us