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Is rent expense a liability?
rent is an expense while outstanding rent is a liability
Is a drawing account an expense or liability?
an expense
Is advertising a selling expense or an administrative expense?
selling
Is supplies expense a liability or asset?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is an accrual expense a liability?
yes
Is depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
Is advertising a selling or Administrative expense?
Advertising is a selling expense
Is rent expense a liability?
rent is an expense while outstanding rent is a liability
Is a drawing account an expense or liability?
an expense
Is advertising a selling expense or an administrative expense?
selling
Is a Payment for a vehicle Loan Liability considered an Expense that would show up in my monthly expense report in my Quicken XG 2004?
Yes payment of loan liability is your expense decreasing the liability as well as asset from which you are paying the loan liability.
Is electricity a liability or asset?
Electricity expense is an expense account while accrued electricity payable is a liability account
Is expense a asset or liability?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is supplies expense a liability or asset?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is an accrual expense a liability?
yes
Is sales commission a current liability or an expense?
If sales commission is payable in future time then it is current liability but if it is paid already then it is expense.
Can a business Claim business cards as advertising or business expense?
advertising
