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27 March, 13:24

Assuming you own a home, where would the amount for the mortgage owed to the bank go in a personal balance sheet? A. Within the equity total B. Under sub prime assets C. Under revenues D. Under liabilities

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  1. 27 March, 15:35
    0
    The correct answer is letter "D": Under liabilities.

    Explanation:

    Interest that has accumulated since the last payment of a mortgage loan should be reported as a current liability. Principals payable within one year of the balance sheet date will be reported as an existing liability. The rest of the principal amount is reported as a long-term liability.
  2. 27 March, 17:02
    0
    The answer to your question is,

    D. Under liabilities

    -Mabel <3
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Home » Business » Assuming you own a home, where would the amount for the mortgage owed to the bank go in a personal balance sheet? A. Within the equity total B. Under sub prime assets C. Under revenues D. Under liabilities
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