What does an amount reported as an allowance for uncollectible accounts represent? What type of account is treasury stock? What is its normal balance? Where is it reported in the financial statements? What is the relationship between the revenue and expense accounts and the owner's equity account...
The cost of goods sold is an important expense in a seller's income statement, and, in most cases, will be the largest expense. Why is it an expense? The short answer is because the companyexpendsthis amount to own (by buying or producing) this product. This article will further explai...
Become a Study.com member to unlock this answer! Create your account View this answer The answer is an asset account. A checking account is an asset account. It is an account that is used by the company to record all the deposits and... See full answer below....
A common nonoperating expense for a retailer is interest expense. Related Questions What is a noncash expense? What are reversing entries and why are they used? What is a contra expense account? What is a fixed expense? What is a variable expense? Is the reversal of a previous ...
In double-entry bookkeeping, expenses are recorded as a debit to an income statement account (expense account), and a credit to either an asset account or a liability account –the balance sheet accounts. An expense increases liabilities and decreases assets. ...
装配式建筑要与绿色建筑、超低能耗建筑等相结合,鼓励建设综合示范工程。装配式建筑要全面执行绿色建筑标准,并在绿色建筑评价中逐步加大装配式建筑的权重。推动太阳能光热光伏、地源热泵、空气源热泵等可( )装配式建筑一体化应用。
Gross payroll is one of the largest company expenses for small companies with employees. Record gross payroll in a payroll expense account. The payroll expense account is an expense account that is a sub-account of equity. Using the accounting equation, assets = liabilities + equity, can help ...
百度试题 题目Checking the signature on an expense claim is an example of what type of control? A. Mandated B. Discretionary C. Application D. Accounting 相关知识点: 试题来源: 解析 B
In many cases, expense account funds are held on a company credit or debit card issued to the individual employee. Meals are commonly filed on expense reports. This is especially true with employees whose jobs require that they travel or spend a great deal of time away from the office. ...
The name of the account from your business’chart of accountswhere the expense will be charged to. An attachment of the corresponding receipt for each expense. How To Manage Expense Reporting (Step-by-Step) Here are some beneficial steps you can take to set up a good management system for ...