Out of the five different options mentioned above, an Accrued account is not an expense account. Read the section below to understand why. Why Is an Accrued Account Not An Expense Account? An accrued expense is
did you use accounts receivable on the expense entry? that is the only way to affect a customer account edit the entry and change the account to the expense account it should have used, you can still make it billable to the customer ...
Which of the following accounts is NOT an asset account? a. Cash b. Accounts Payable c. Building d. Equipment Assets: The balance sheet is a financial statement that shows the assets a company has divided between current assets and non-current asset...
In accounting, a debit balance refers to a general ledger account balance that is on the left side of the account. This is often illustrated by showing the amount on the left side of a T-account. Examples of Accounts with Debit Balances The following general ledger account classifications norm...
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Accounting is the most critical aspect of any business, and accurately tracking financial accounts is essential for success. Accounts in accounting are used to record, store and analyze financial information. Answer and Explanation: The answer is option A. "Account ...
That’s not a cost that’s associated with ETFs — or the best mutual funds, for that matter.Whether you go with an ETF or mutual fund, be sure to check the expense ratio and any other costs of the fund. Costs are a huge driver of your return, and experts suggest that you focus ...
Apartments are a smart choice for those who don’t want the responsibility and expense of homeownership, or for those who aren’t likely to stay in the same town for very long. Pros Flexibility: An apartment is a good option if you don’t plan to put down roots in a particular area...
Being a good parent is,of course,what every parent would like to be.But defining what it means to be a good parent is undoubtedly very __1__,particularly since children respond differently to the same style of parenting.A calm,rule-following child might respond better to a different sort ...
Try not to confuse when an account is not temporary and when it is temporary. An account is not temporary when it is permanent.