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WITCHER [35]
3 years ago
11

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
Business
2 answers:
Paul [167]3 years ago
5 0

Answer:

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.

Dovator [93]3 years ago
3 0

The answer to your question is,

D. Under liabilities

-Mabel <3

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