No, they're very different
There is no similarity between the assets and expense only prepaid/expired expenses is consider our assets.
Expense
An expense is not an asset at all.
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.
Its an asset.
preliminary expense is the expense for fitting the asset or similar works, so this expenses capitalized.... and is called fixed asset
There is no similarity between the assets and expense only prepaid/expired expenses is consider our assets.
Depreciation expense is neither an asset or liability. It is an expense.
Expense
An expense is not an asset at all.
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.
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.
Its an asset.
Yes. No , Its not a Expense. Its an Asset.
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
it is a expense
prepaid expense adjusting entries