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
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...
Example of Rent as a Product Cost If a manufacturer rents its manufacturing facilities and equipment, the rent is a product cost (as opposed to an expense of the period). That is, the rents will be included in the manufacturing overhead which is allocated to the goods produced. (Think of...
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Below is a list of examples of small business and self-employed business expenses that can be written off when you pay taxes: Education and training Vehicle expenses Rent and lease Advertising Legal and accounting fees Employee benefits Health and work insurance Travel expenses for business trip ...
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...
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A non-negotiable expense is one that you cannot avoid. This category of expenses include things like your housing (rent or mortgage), utilities, and food. Things like your debt, clothing, and other such expenses may be considered negotiable expenses. That's because you can either do without ...
company's balance sheet (e.g.,prepaid rent). The prepaid expense is classified as an asset. That account is debited, while the cash account is credited for the same amount. Once incurred, the expense is recognized on the income statement, and the corresponding asset on the balance sheet ...