Give some examples of expense accounts?

Answers

  • Réponse publiée par: nelspas422

    answer:

    an expense account is the right to reimbursement of money spent by employees for work-related purposes. some common expense accounts are: administrative expense, amortization expense, bad debt expense, cost of goods sold, depreciation expense, freight-out, income tax expense, insurance expense, interest expense, loss on disposal of plant assets, maintenance and repairs expense, rent expense, salaries and wages expense, selling expense, supplies expense and utilities expense.

  • Réponse publiée par: nila93

    Qs= -100+20p

    5-0

    10-100

    15-200

    20-300

    25-400

    30-500

    Qs=0+5P

    2-10

    4-20

    6-30

    8-40

    10-50

  • Réponse publiée par: kuanjunjunkuan
    a. current asset

    Explanation:

    In accounting, prepayments are payments made in advance just like prepaid rents where the prepaid resource will be consumed later on by the business. It is usually classified as a current asset as most of prepayments are consumed within 1 year or the normal operating cycle of the business.

    To know more about asset, just continue reading.

    Assets

    In accounting, assets are the resources that a company owns and has monetary value.

    Two types of asset:

    Current asset - assets that are usable or convertible to cash within a year or operating cycle of a business.

    Non-current asset - assets that can't be used or converted to cash within a year or operating cycle of a business.Examples of current asset:Cash and cash -on- of non-current asset:LandEquipment/MachinesIntangible assets

    #answerForTrees

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Give some examples of expense accounts?...