0
Is broken goods an expense or liability please explain it to me in detail thanks?
Kronixteen
Libability is defined as the state of being responsible for something. An expense is the cost required for something. Whether or not broken goods are a liability or expense depends on the detail surrounding how the goods were broken. The goods would be an expense for the store who owned the goods unless they insisted the patron pay for the item. They would be a liability if the broken goods cause harm to someone.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is the difference between direct expense and indirect expense in financial account?
give the full chart of the direct and indirect expenses . detail about this
Explain Authority can be delegated but accountability cannot be delegated?
please explain authority in detail
What are three golden rules of accounting explain them in detail?
Real account personal account nominal account
Which of these is not included on a employee's pay stub?
Unfortunately this question doesn't have enough detail to answer. Please edit the question and explain what "these" means.
Where contigent liabilites are shown in balance sheet?
Contingent liabilities does not show in balance sheet rather it is provided in notes to financial statements as a note about contingent liability and detail etc.
Information about Property and liability insurance?
Insurance definitions found on the web can explain property and liability insurance more in detail. However the type of business you have will tell you what type of coverage you will need.
How do you explain the ocean resources in detail?
Explain the ocean resources in detail.
How do you write an accordion paragraph?
Topic Sentence * 1st Supporting detail/reason/fact * Explain * Explain * 2nd Supporting detail/reason/fact * Explain * Explain * 3rd Supporting detail/reason/fact * Explain * Explain Conclusion
Explain in detail why you failed to meet academic progress?
explain in detail why you failed to meet academic progress
What is the difference between direct expense and indirect expense in financial account?
give the full chart of the direct and indirect expenses . detail about this
What tis explain?
What does "explain" mean? To "explain" something is to tell in detail what something means.
How do you explain the types of transmission in detail?
explain the types of tranmission in details?
Explain in detail mail merge in word?
expain mail merge in detail
What tis explain men?
What does "explain" mean? To "explain" something is to tell in detail what something means.
Can you claim restaurant pos software on taxes?
If you intend to use your Restaurant POS software for business purposes then it is deductible as a business expense. The IRS offers a number of good business pamphlets to explain business deductions in detail.
Explain in detail the process of digestion and abosortion of carbohydrates?
explain digestion of carbohydrates
How do you explain in detail the greatness of the Phoenicians?
Trade.
