Salaries is recorded as a debit entry in the wages account, so it is classed as an expense.
Wages are recorded in the nominal ledger or ( general Ledger ) it is classed as a debit entry because the bank/cash book is credited think of debit as in and credit as out.
If need any further information please ask.
Andrew Swift
only salaries of employees engaged in selling can be classified as selling expense..salary of salesperson,saleslady,salesman,sales supervisor are the examples that fall under selling expense..it is classified as selling expense, simply because the expense occurred in selling department.
$450,000
An essential expense is an expense that is necessary, for example rent or salary. It is something that cannot be gotten rid of or trimmed.
Wages is salary. Its the same terminology If you are talking about addition payments classed as expenses paid in to the (Wage/salary) then it depends if the amount is "claimed" is taxable - If taxable the amount is shown as a subtotal before the wage/salary figure and then totalled then take and insurances/deductions then net paid If its not taxable its goes on the end after taxes are removed and shown as net wage plus expense The company is obliged to record either for tax purposes and for the annual accounts to reflect payments out on the balance sheet
Depreciation expense is neither an asset or liability. It is an expense.
Yes. No , Its not a Expense. Its an Asset.
Salary is an expense for business and that's why shown under income statement as an expense.
Salary expense
Salary for the candidate would not be an expense since the candidate does not receive a salary.
Salary for the candidate would not be an expense since the candidate does not receive a salary.
Salary for the candidate would not be an expense since the candidate does not receive a salary.
it is a credit
[Debit] Salary expense [Credit] Cash / bank
basic salary 21967 / salary of September
You are a homosapien
[Debit] Salary Expense xxxx [Credit] Salary payable xxxx
Salary is not an expense. -Please re-write so it makes a logical query.