neither
Generally NO, wages are an expense. The only exception to the rule is if a company has "wages payable" which is wages that they owe but have not yet paid, "wages payable" is a liability until they are paid. Once paid, the account is closed into wage expense and is listed under the asset column of the Trial Balance sheet, until the end of the accounting cycle when expense accounts are closed out for the year end.
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.
neither
Generally NO, wages are an expense. The only exception to the rule is if a company has "wages payable" which is wages that they owe but have not yet paid, "wages payable" is a liability until they are paid. Once paid, the account is closed into wage expense and is listed under the asset column of the Trial Balance sheet, until the end of the accounting cycle when expense accounts are closed out for the year end.
if benifts of any one time expense is enjoyed for a longer period (long term) then it is considered as an asset. Alternately if u can get money by selling that asset after use (usage of less than 1 year) it is considered as an asset. Those expenses whoose usage elapses within a year or which cant be sold are considered as expenses. For example monthly wages are expense since we have to pay wages again to avail the services of labourers.
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.
Neither, it is an expense, a negative entry in the company´s Profit and Loss, thus decreasing its Equity position.
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.
Its an asset.
Yes. No , Its not a Expense. Its an Asset.