A.Decrease a liability; increase revenue.B.Increase an expense; increase a liability.C.Increase an expense; decrease a liability.D.Increase an asset; increase revenue.E.Increase an expense; decrease an asset.相关知识点: 试题来源: 解析 B 反馈...
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A non-interest-bearing current liability (NIBCL) is a category of expenses that an individual or a company must pay off within the calendar year but will not owe interest on. Taxes that do not include late penalties, as well as accounts payable, within the credit terms timelines or without...
Definition: Interest expense is the cost incurred by an company for the use of another firm’s resources typically in the form of a loan. Loan agreements outline the interest rate, terms associated with the debt, and payment structure.What...
What Is a Liability? In accrual accounting, aliabilityis a future financial obligation of a company based on previous business activity. Liabilities are often oversimplified as the debt of a company that must be paid in the future. An understanding of liabilities is essential to understanding the...
financial obligation, or upcoming duty to pay. An expense refers to money spent by the company, or a cost incurred by the company, in an effort to generate revenue for that company. A company may have both a liability account and an expense account, but each serves a very different...
A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n): <br/> A、Journal.<br/> B、Posting.<br/> C、Trial balance.<br/> D、Account.<br/> E、Chart of accounts.
The most common accrued expenses include interest, payroll, utilities, employee benefits, and unbilled goods and services. To make a journal entry for an accrued expense you have to debit an expense account, and credit the accrued liability. Then after payment gets made, the accrued expense is ...
A bond interest expense is the interest payments that a bond issuer makes to bond holders. When calculating a bond interest...
Examples of a liability include: accounts payable loans payable wages payable interest payable customer deposits deferred revenues Related Questions What is a contingent liability? What is the difference between a contingent liability and an estimated liability? Where is a contingent liability recorded?