mortgage loan where will be recorded in balance sheet
Answers
Answered by
4
Explanation:
Reporting a Mortgage
A small business reports the mortgage as a line item called "mortgage payable" in the liabilities section of its balance sheet and reduces this amount as it pays down the balance.
Answered by
0
Answer:
Reporting a Mortgage
A small business reports the mortgage as a line item called "mortgage payable" in the liabilities section of its balance sheet and reduces this amount as it pays down the balance.
Similar questions