Salaries Expense (debit or credit) (debit or credit) Journal Entries: Journal entries are accounting entries that provide essential financial information that can be used to make informed business decisions. The
Learn more about this topic: Total Liabilities | Definition, Types & Formula from Chapter 2 / Lesson 16 83K Understand the meaning of liabilities in accounting. Learn what total liabilities are in accou...
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...
Additionally, we have a one-to-one mapping of application and help translations, meaning that the software and embedded help translation footprint is identical—something we were never able to accomplish in the past. Using and Managing the PeopleSoft Online Help Select About This Help in the ...
Does bad debt expense have a debit balance? What are the accrual type accounts on a balance sheet? Explain the meaning of Credit and Debit. On a trial balance sheet, what is categorized as Debit? What is categorized ...
A prepaid expense is reported under the category of current assets till it is fully consumed. This is... Learn more about this topic: What are Assets? | Definition & Examples from Chapter 2/ Lesson 17 64K What are assets? Learn the meaning...
Explain why income tax expense is usually not equal to accounting profit multiplied by the corporate tax rate. Your answer should refer to the main principles of accounting for income tax. Define Depreciation. Explain its significance. Elucidate the factors that affect d...
What is a debit used to record: A decrease in an asset A decrease in an expense account An increase in a revenue account An increase in the balance of common stock A decrease in the balance of re Which of the following accounts increase w...
salaries expense should have a credit balanceIn accounting, does a liability account normally has a debit balance?The type of account with a normal credit balance is: A. an asset. B. drawing. C. a revenue. D. an expense.If a cash account has credit posti...
In accounting, prior to the conduct of posting in the ledgers of the company, an accountant or a bookkeeper records first the economic and quantitative transactions using journal entries.Answer and Explanation: Crue Company must record the above transactions...