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What else can I help you with?
Is rent expense an asset or liability?
Its an asset.
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 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 depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
Unexpired insurance at the end of the fiscal period represents is it an accured asset liability expense or deferred expense?
deferred nexpense
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 an owners life insurance an asset or a liability?
Asset.
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
