Statement of financial position (B/S)

[methodsman]

Hi
In the SoFP, are the following accounts included:

-accumulated depreciation
-accrued interest expense
-accrued staff wages

?

If they are, they would be on the Cr side yeah?

[darkphoenix]

The accumulated depreciation is actually a negative asset.

But both the accrued interest expense and wages would be current liabilities.

(Assets are on the left, Liabilities on the right)

You don't refer to the sides as DR and CR in a Balance sheet (Statement of Financial Position)