rent is an expense while outstanding rent is a liability
an 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.
yes
purchase return is assets or liability or expense
Depreciation expense is neither an asset or liability. It is an expense.
rent is an expense while outstanding rent is a liability
an expense
Yes payment of loan liability is your expense decreasing the liability as well as asset from which you are paying the loan liability.
Electricity expense is an expense account while accrued electricity payable is a liability account
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.
yes
If sales commission is payable in future time then it is current liability but if it is paid already then it is expense.
Because it is a liability for business
purchase return is assets or liability or expense
Its an asset.