On the balance sheet, I want to say that this is a current liability.
Is this correct? If not, where would it go-under Long Term Liabilities?
Thank you so much!|||Your instinct is correct. The amount of the long-term liability that is due within the next year should be classified as a current liability. You can call it "current portion of long-term debt." The remainder of the liability after subtracting the current portion would be classified as long-term debt.
Thursday, December 15, 2011
Available balance and current balance - I'm confused?
Yesterday when I checked my account, it told me my current balance was 拢8.07 and my available balance was 拢107.07. I always thought my current balance was supposed to be bigger than my available balance. Could somebody explain this to me.|||You are correct, unless you have an overdraft facility. Then the extra 拢99 would make sense. Other than that, it's probably a glitch in the system.|||It sounds like you have overdraw coverage. Like you actually have 8.07 but they'll cover you up to 107.07. Which is 99.00 pounds over what you have. I'd ask the bank about that myself. It seems nowadays they're always try to stick it to you with charges for this and that. Good luck.
What is your current checking and savings balance?
Hi
everyone i was just wondering how much do everyday people really save, i make 30k a year entry level job and my current savings is $5300.00 and checking is $89.00 so i was wondering how much other people have saved. thank you for ur answers! :)|||checking 2,000
savings 2,100
i make 60,000 a year|||Well aren't you just SPECIAL!
Savings - about $3 and some change
Checking - $244
My husband makes about $21-23,000 a year as a temp and rarely do we spend it on things for ourselves...We can't save any because we have BILLS to pay. It seems you don't have that much in the way of bills if you're able to purchase designer bags and wallets. And for making only $30,000 a year...the only bills you probably have to pay for are rent and car insurance.
Also I don't work because of medical reasons.|||"where are ur manners are u just stupid?" is not "fussing"???
Anyway, my checking and savings balance is nunya.|||Most of society could consider this subject an entirely private matter. Unless ur are as IRS REP. where are ur manners are u just stupid? ? Or do u need a loan. This is not appropriate to ask in person on cyberspace--maybe ur doing well and want someone to appreciate ur savvy in handling ur finances and dI do applaud u for ahving a savings but get real, sweetie, this is not appproiate to ask as u will jsut get a bunch of lies telling u how much more they have and it's dangerous cause someone might alk u into some kind of fraudualant endeavors or relationship. Just caring like a mama would--ok? not fussing
everyone i was just wondering how much do everyday people really save, i make 30k a year entry level job and my current savings is $5300.00 and checking is $89.00 so i was wondering how much other people have saved. thank you for ur answers! :)|||checking 2,000
savings 2,100
i make 60,000 a year|||Well aren't you just SPECIAL!
Savings - about $3 and some change
Checking - $244
My husband makes about $21-23,000 a year as a temp and rarely do we spend it on things for ourselves...We can't save any because we have BILLS to pay. It seems you don't have that much in the way of bills if you're able to purchase designer bags and wallets. And for making only $30,000 a year...the only bills you probably have to pay for are rent and car insurance.
Also I don't work because of medical reasons.|||"where are ur manners are u just stupid?" is not "fussing"???
Anyway, my checking and savings balance is nunya.|||Most of society could consider this subject an entirely private matter. Unless ur are as IRS REP. where are ur manners are u just stupid? ? Or do u need a loan. This is not appropriate to ask in person on cyberspace--maybe ur doing well and want someone to appreciate ur savvy in handling ur finances and dI do applaud u for ahving a savings but get real, sweetie, this is not appproiate to ask as u will jsut get a bunch of lies telling u how much more they have and it's dangerous cause someone might alk u into some kind of fraudualant endeavors or relationship. Just caring like a mama would--ok? not fussing
When calculating daily interest, do you divide the current balance or the money owed?
current balence!!!|||If you owe 100,000 for example and pay 10% annual interest than that would be 8,33 a month or about 28 bucks a day.
If my statement from Capital One was $100, but my current balance is $200. Will I get charged interest?
I went online and it says I can pay the minimum payment of $10, statement balance, or current balance. Will I get charged interest if I pay the statement balance on the remaining balance since my current balance is more than my statement balance?|||i have no idea:)
How can i be charged an overdraft, twice. when my balance never left current?
my checking account balance from $250, i took out $91. and next thing i see are 2 $36 overdraft charges. and then a purchase and another purchase. following 6-7 more small purchases.... the balance is now $4. how the hell, is it overdrawn?
does this even make sense? i havent deposited anything since the overdraft charges [as i just found out about them, now] so how is my balance not negative?
it cant be overdrawn..|||Call and ask.
Mistakes happen. As does miscommunication.|||Now aday, you have thease
jerks in accounting who don't
give a f*** about anyone, all
they care about is getting
thier work done asap so they
can leave the office. Just call
the bank and have them go over
the recent checks with you, set up
an appointment and go to the bank
to do this, don't try to settle it over the
phone, as they are trying to get
you off of the line asap, they
will be making reduculous
excuses to you and trying to confuse
you because they don't want to
admint they screwed up.
does this even make sense? i havent deposited anything since the overdraft charges [as i just found out about them, now] so how is my balance not negative?
it cant be overdrawn..|||Call and ask.
Mistakes happen. As does miscommunication.|||Now aday, you have thease
jerks in accounting who don't
give a f*** about anyone, all
they care about is getting
thier work done asap so they
can leave the office. Just call
the bank and have them go over
the recent checks with you, set up
an appointment and go to the bank
to do this, don't try to settle it over the
phone, as they are trying to get
you off of the line asap, they
will be making reduculous
excuses to you and trying to confuse
you because they don't want to
admint they screwed up.
Is the retained earnings in the balance sheet classified as current or noncurrent?
I know assets and liabilities can be classified as current or noncurrent. Can stockholders' equity also be classified as current or noncurrent?|||Neither. Current vs noncurrent is regarding assets and liabilities only. This is to show liquidity. If you take current assets less current liabilities to determine liquid positon. Obviously if you take your net assets (current and non) less liabiliites (current and non) this ties to equity position (stock plus retained earning) which is what the companys net postion would be if assets and liabilities are disposed of assuming book values.
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