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Is depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
Is rent expense an asset or liability?
Its an asset.
Is expense a asset or liability?
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.
Is supplies expense a liability or asset?
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.
Is electricity a liability or asset?
Electricity expense is an expense account while accrued electricity payable is a liability account
Is purchase returns an asset or liability?
purchase return is assets or liability or expense
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is wage expense asset liability or owner's equity?
neither
Is wages expense a asset liability or owners equity?
neither
Would extra payments made on a credit card be an asset liability income or expense?
liability
Is expenses owing a current liability or a current asset?
expense owing is a current asset
