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.
Depreciation expense is neither an asset or liability. It is an expense.
Its an 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.
Electricity expense is an expense account while accrued electricity payable is a liability account
purchase return is assets or liability or expense
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
Accounts Payable is a liability. Accounts receivable is an asset.
neither
neither
liability
expense owing is a current asset
Yes payment of loan liability is your expense decreasing the liability as well as asset from which you are paying the loan liability.