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

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.

you had the wrong answer