Prepaid insurance would be an asset. Insurance expense is when the insurance has been used up, thus making it an actual expense on the Income Statement. Whereas Prepaid Insurance on a Balance sheet is classified as an Asset.
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.
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.
Depreciation expense is neither an asset or liability. It is an expense.
deferred nexpense
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.
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
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
purchase return is assets or liability or expense
Asset.
Accounts Payable is a liability. Accounts receivable is an asset.
neither
neither