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What else can I help you with?
Is preliminary expense is a real account?
no
The accounting procedure that accounts for most of the deferred income tax liability for most companies is?
depreciation expense
Where in Chart of Accounts do you enter Prelinimary expenses ie liability asset etc?
Preliminary expense are those expense which incurred before start of operating activity so it is called other assets and shown in asset side of balance sheet.
When do you expense an asset?
preliminary expense is the expense for fitting the asset or similar works, so this expenses capitalized.... and is called fixed asset
What are the 2 type of quickbooks account?
The 2 types of QuickBooks accounts are "Balance Sheet" accounts and "Income and Expense" accounts. Balance sheet accounts can be used to create and add to chart of accounts. Income and expense accounts track income sources and the purpose of each expense.
Different names for bad debt expense?
Uncollectible Accounts Expense.
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
What is the debited classified accounts?
Expense
Are revenue and expense accounts real accounts?
No real accounts are for business possessions like assets and stock revenue and expense items are recorded in the nominal also named the general ledger. Personal accounts are for debtors and creditors accounts.
Give few examples of Miscelleneous expense?
preliminary expenses, discount on issue of shares
What accounts can be found in income statement?
Accounts found on an Income Statement are : Cost of Sales, Sales Rev., Selling Expense and Wage Expense
On a chart of accounts all asset and expense accounts are in the same division?
FALSE
