expense(花费)是属于等号左边的debit(借方)而revenue(收入)是属于等号右边的credit(贷方)?既然发明出来肯定有原因,诚心请教为什么这样记账?不要劝我这是定理死记,不要劝我这个太高端我不能理解, 扫码下载作业帮搜索答疑一搜即得 答案解析 查看更多优质解析 解答一 举报 这样的:会计恒等式 资产=负债+权益2,(权益2...
The normal balance for rent expense is: a. debit. b. credit. Accounting Rules: There are three golden rules for accounting for three types of accounts. Personal Account - We will debit the receiver and credit the giver. Real Account - We debit that is coming in and credit that is goin...
Bad Debt Expense is a/an ___ (asset/liability/etc.) account with a normal ___ balance. Closing entries: To complete the business cycle, closing entries are necessary to be recorded in the book of company. These accounting entries prepare the financial data of the company...
aDebiting the expense for the amount incurred but not yet processed does this. This credit will need to be allocated where it can be carried forward to the next accounting period as expense accrued, a current liability. 扣除费用为被招致,但不被处理的数额做此。 将需要分配这信用它可以被发扬到...
Wages payableis the line item that records how much money is owed to workers but not yet paid. When a wage expense is recorded it is a debit to the wage expenses account, which requires a credit to the wages payable account for the same amount until the wage is paid to the worker. ...
An expense that has occurred but the transaction has not been entered in the accounting records. Accordingly an adjusting entry is made to debit the appropriate expense account and to credit a liability account such as Accrued Expenses Payable or Accounts Payable. To learn more, seeExplanation of...
an adjusting journal entry is recorded at the end of the accounting period for the last month’s expense. The adjusting entry will be dated Dec. 31 and will have a debit to the salary expenses account on the income statement and a credit to the salaries payable account on the balance shee...
Unexpired insurance premiums are reported as Prepaid Insurance (an asset account). If the retailer has incurred some insurance expense but has not yet paid the premiums, the retailer should debit Insurance Expense and credit Insurance Premiums Payable. Related Questions How do you record a payment ...
In double-entry bookkeeping, expenses are recorded as a debit to an income statement account (expense account), and a credit to either an asset account or a liability account –the balance sheet accounts. An expense increases liabilities and decreases assets. ...
The interest owed is booked as a $500 debit to interest expense on Company ABC’s income statement and a $500 credit to interest payable on itsbalance sheet. The interest expense, in this case, is an accrued expense and accrued interest. When it’s paid, Company ABC will credit...