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if benifts of any one time expense is enjoyed for a longer period (long term) then it is considered as an asset. Alternately if u can get money by selling that asset after use (usage of less than 1 year) it is considered as an asset. Those expenses whoose usage elapses within a year or which cant be sold are considered as expenses. For example monthly wages are expense since we have to pay wages again to avail the services of labourers.
What else can I help you with?
What is call an accounting entry that increases assets or expenses?
An accounting entry that increases assets or expenses is called a "debit." When a debit is recorded, it reflects an increase in asset accounts (like cash or inventory) or expense accounts (like rent or utilities). In double-entry accounting, a debit must be balanced by a corresponding credit entry, which typically decreases a liability or equity account.
What do you call someone who works in accounting management?
An accounting manager.
Where can you purchase call accounting software?
Call accounting software keeps track of all incoming and outgoing calls from a business. Some call accounting software companies include Telecost, Microcall and Metropolis.
What are the accounting journal entries to record a contribution to the business?
you debit the asset at FMV and credit owners equity, but for depreciation and basis purposes , use the adjusted basis. call 847-884-8500 ask for joe diamond and i can assist you.
What do you mean by non voice?
Non voice means not voice call
What do you call money spent for business?
Business expense.
Where can one find a call accounting system?
A call accounting system, capable of monitoring and optimizing telephone use in a business setting, can be purchased directly from the developer via their main site. Examples include Call Accounting Mate, TELECOST, and Tapit NOVA.
Is voice chat a data call or voice call?
Voice chat on your computer happens through passing data over your Internet connection, not standard "voice" phone lines.
Difference between put option and call option?
The holder/purchaser/owner of a call option contract has the right to buy an asset (or call the asset away) from a writer/seller of a call option contract at the pre-determined contract or strike price. The holder/purchaser/owner of a call option contract expects the price of the underlying asset to rise during the term or duration of the call contract, for as the value of the underlying asset increases so does the value of the call option contract. Conversely, the write/seller of a call option contract expects the price of the underlying asset to remain stable or to decline. The holder/purchaser/owner of a put option contract has the right to sell an asset (or put the asset) to a writer/seller of a put option contract at the pre-determined contract or strike price. The holder/purchaser/owner of a put option contract expects the price of the underlying asset to decline during the term or duration of the put contract, for as the value of the underlying asset declines the contract value increases. Conversely, the writer/seller of a put option contract expects the price of the underlying asset to remain stable or to rise.
Why should someone buy a call option?
Someone should buy a call option if they believe the price of the underlying asset will increase in the future. By purchasing a call option, they have the right to buy the asset at a predetermined price, known as the strike price, which can potentially lead to profits if the asset's price rises above the strike price.
How can you make voice call through nimbuzz using your mobile nokia 6300?
Nokia 6300 voice call
Long Call Options Strategy?
A long call is a straightforward strategy used by traders who expect a stock or any other underlying asset to increase in price. It involves buying call options to capitalize on potential upward moves in asset prices.
