Most of the time in the balance sheet there are several accounts of which details are provided in the notes to financial statments, e.g. Accounts Payable and Accrued Expenses - this particular account consits of many sub-accounts, the question is few are very clear as to be classified as accounts payable, but there are other accounts which are not clear where to include while preparing the spreadsheet, like Retentions; Due to contractors.
Please explain, thanks.
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