Rent expense is an expense on the company’s income statement and should be calculated as an actual expense for the month in which it is being paid. It should not be confused withprepaid rentwhich is considered to be an asset to the company. A payment of rent will show up as a debit...
An expense account is used for tracking expenses. These expenses are only related to business expenses. However, an expense account is not apersonal account. Businesses usually set up an expense account with a specific need in mind. For example, recording travel expenses or. This means that the...
百度试题 结果1 题目Rent is the major expense for Michael each month.A. 正确B. 错误 相关知识点: 试题来源: 解析 A 反馈 收藏
Arnaud's Restaurant Questions & Answers 2,970 Reviews Ranked #124 of 2,146 Restaurants in New Orleans Rose N Huntsville, Alabama One of us is on an expense account with a ceiling. The other is not. Can we get separate checks? over a year ago Answer 14 answers Restaurant represent...
Rent expense is often a monthly amount paid by a company for use of a building. Typically, the rent is due on the first day of every month that the building is occupied. Definition of a Period Cost A period cost is a cost that is used up or expires in the accounting period. As a...
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The normal balance for rent expense is: a. debit. b. credit. The Accounts Payable account is a(n) ___ account and carries a ___ normal balance. A. liability; debit B. asset; debit C. liability; credit D. asset; credit Is the...
aI also…Your smile is the sun.Belong to my sun I也…您的微笑是太阳。属于我的太阳 [translate] a有太多的肉在书桌上 Has too many meats on the desk [translate] arent is our biggest expense. 租是我们的最大的费用。 [translate] 英语翻译 日语翻译 韩语翻译 德语翻译 法语翻译 俄语翻译 阿拉伯...
D.An asset is debited, and a liability is credited. 5 【单选题】(2分) Which accounts will appear on the post-closing trial balance .( ) A.Unearned revenue, prepaid insurance expense, cash B.Consulting revenue, prepaid rent expense, cash C.Consulting revenue, insurance expense, cash D....