Insurance payableis debt that is related to insurance expense. It shows the amount of the company’s unpaid premiums. The unpaid expenses must be settled as quickly as possible. In most cases, the goal is to get them paid by the end of the current period to avoid additionallate chargesor...
A personal budget is used to manage personal finances, and it helps track income and expenses accrued every month. An expense is a total cost an...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our ...
Explain in which account record insurance payment in accounting. Prepaid Expenses: Prepaid expenses refer to those expenses which were already paid but these will be incurred in the future. Thus, this can be attributed to an advance payment and is considered as an asset until such time that thi...
This is a judgment call. What's important is that you treat all unexpired expenses the same way. Your company should lay down a formal accounting policy establishing the cutoff point so you can be consistent. Unexpired expenses, also known as prepaid expenses, are bills your business pays in ...
prepaid insurance policy, accountants will debit an expense account and credit prepaid insurance. Companies will recognize insurance expense each month using this process, creating an even flow of expenses and net income. This entry is most common for those companies using the accrual accounting ...
awith nobody replace i 用没人替换i [translate] aFor proper insurance and accounting purposes we need a proper list maintained of all the expenses incurred in repairing the powder coat line. 为适当的保险和会计目的我们在修理需要一张适当的名单招致的被维护所有费用粉末外套线。 [translate] ...
Business Expenses insurance covers your fixed business costs, as a monthly reimbursement, so you can focus on your recovery - and not your bills.
aOrdinary expenses such as stationery, electricity, salaries, insurance, rent and interest are incurred in the accounting period and any difference with the matching of the accounting period to the expense incurred is a balance-day adjustment. 普通的费用例如文具、电、薪金、保险、租和兴趣在会计年度...
Managerial estimates are ubiquitous in accounting: most balance sheet and income statement items are based on estimates; some, such as the pension and employee stock options expenses, derive from multiple estimates. These estimates are affected by objective estimation errors as well as by managerial ...
Financial accounting includes all the expenses, loss, and the book value of the assets, liabilities, and the equity in the financial statements. When...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough...