Please Help!!! How to calculate the Total Debt?
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mashangyouoffer
Registered Posts: 1
I am new to accounting, and I am really confused about what total debt includes. I've seen the liabilities section below, but I do not know how to categorize each account.
Current Liabilities:
* Deferred Revenue
* Accounts Payable
* Income Tax Payable
* Gift Card Payable
* Accrued Compensation & Benefits
* Accrued Expenses
* Current portion of long-term debt and capital lease obligation
* Current portion of deferred lease credits
Long-term Liabilities:
* Other liabilities
* Deferred Income Tax
* Long-term debt and capital lease obligations, net of current portion
* Deferred lease credits, net of current
I hope to know what accounts should belong to total debt. How should I fill out the form below?
Current Portion of Total Indebtedness:
Non-Current Portion of Total Indebtedness:
Thank you very much!!!!!!
Current Liabilities:
* Deferred Revenue
* Accounts Payable
* Income Tax Payable
* Gift Card Payable
* Accrued Compensation & Benefits
* Accrued Expenses
* Current portion of long-term debt and capital lease obligation
* Current portion of deferred lease credits
Long-term Liabilities:
* Other liabilities
* Deferred Income Tax
* Long-term debt and capital lease obligations, net of current portion
* Deferred lease credits, net of current
I hope to know what accounts should belong to total debt. How should I fill out the form below?
Current Portion of Total Indebtedness:
Non-Current Portion of Total Indebtedness:
Thank you very much!!!!!!
0
Comments
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I assume they want you to remove the deferred charges and focus on actual tangible debt, rather than accounting adjustments.
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