selling expense.
liability with a credit balance
Presuming it is a deductible expense, they are reportable when paid by the credit card, or any other method.
Debit Warranty Expense Credit Warranty Liability
Debit - expense or asset Credit - income or liability As land is an asset, it is a debit entry with the credit being to Bank/Cash/Sellor of the land
liability
selling expense.
Yes.... a credit card balance is money owed by the card-holder to the company. Therefore it is a liability.
liability with a credit balance
a credit card discount would be a credit, not an expense.
yes
Depreciation expense is neither an asset or liability. It is an expense.
Presuming it is a deductible expense, they are reportable when paid by the credit card, or any other method.
An accrual.
An accrual.
Debit Warranty Expense Credit Warranty Liability
Debit - expense or asset Credit - income or liability As land is an asset, it is a debit entry with the credit being to Bank/Cash/Sellor of the land