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explain the expenses that are paid for you?
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∙ 14y ago
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What is limit of miscellenous expenses as Cash paid?
how mush expenses can be paid in cash to a person in a year
When was All Expenses Paid created?
All Expenses Paid was created on 1959-10-28.
Wages or money paid to a person?
A stripend is defined as being a set amount of money or wage paid to a person for work that they have performed. This can also be used to explain a sum of money paid to a person for living expenses.
What bills are to be paid first from a will?
funeral expenses,, medical expenses and all other outstanding expenses which were not paid when the deceased person was still alive.
Record expenses that have incurred but not paid for yet?
Accrued Expenses
What are outstanding expenses?
expenses that you still owe (have not yet been paid).
Difference between outstanding expenses and prepaid expenses?
Outstanding expenses are the expenses which have fallen due at the end of the accounting period but which has not been paid. Its a liability for the company and will be shown under the Current liabilities and provisions. Prepaid expenses are the expenses which paid during the year before its due. The money is paid out but its not due at the end of the period. Its an asset and will be shown under current Assets in the Balance sheet.
What is the money that is left over after all of the business expenses are paid called?
ProfitMoney that is left after all business expenses are paid is called profit.
Who does not get paid?
Usually, volunteers don't get paid. They may be paid out of pocket expenses though, but no salary.
Can fees paid to a broker be classified as investment interest expenses?
No. Broker Fees are investment expenses but are not investment interest expenses.
Expenses that have been incurred but not recorded in the accounts?
Expenses incurred but not yet paid or recorded are called accrued expenses.
What is journal entry of outstanding expenses paid?
[Debit] Outstanding expenses [Credit] Cash / bank
