Expense
An expense is not an asset at all.
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.
Debit Salaries Expense, Credit Salaries Payable.
Its an asset.
1 :if we paid salary to employee then it will be expense for business 2 :and all expence are debit accourding to rule so salary is expense for busines it will be written on debit side and our cash/asset is decreasing so it will be credit entry is salaries to cash
Depreciation expense is neither an asset or liability. It is an expense.
preliminary expense is the expense for fitting the asset or similar works, so this expenses capitalized.... and is called fixed asset
Expense
An expense is not an asset at all.
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.
Debit Salaries Expense, Credit Salaries Payable.
Its an asset.
Yes. No , Its not a Expense. Its an Asset.
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
No, Salaries are an expense. EXPENSE is a part of owners equity but you would not put salaries in the owners equity group you would put it with the expenses.