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justify the purpose of an expenditure
What else can I help you with?
Is advertising expense debit or credit?
As the item says in itself it is an expense and therefore it should be debited.It is one of the rules of the accounts to debit all expenses and losses.
Is lunch considered a business expense?
Yes, lunch can be considered a business expense if it is directly related to conducting business, such as a meeting with a client or a business partner. However, there are specific rules and limitations on what can be claimed as a business expense for tax purposes.
What is the justification for debiting rent expence?
We debiting the rent expense because when expenses are incurred so the rule of double entry is to debit the expense account and increased liability....it is rules of GAAP.
Under the Navigation Rules in which situation is it OK to break the rules?
Under the Navigation Rules, it is OK to break the rules when it is absolutely necessary to avoid a collision.
Under navigation rules in which situation is it ok to break the rules?
When absolutely necessary to avoid a collision.
What pair of accounts has the same set of rules for debit and credit entries?
The pair of accounts that has the same set of rules for debit and credit entries are asset accounts and expense accounts. In both cases, debits increase the balance, while credits decrease it. This is consistent across all types of asset and expense accounts, reflecting their nature in accounting practices. For example, when an asset is purchased or an expense is incurred, the respective account is debited.
Why are cell phone rules necessary?
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Why was it necessary to create the US Constitution?
The Constitution has the laws and rules so yes it was very necessary to create the constitution.
Who created the rules for multiplying and dividing exponents?
It wasn't necessary to 'create' any rules. They follow logically from the definition of exponents.
Why is it necessary for employers to have safety programs and rules?
so you don't die.
What are the rules in Texas Hold'em?
Each casino / cardroom will have their own set rules. These should be available to see if necessary. However the most standard set of rules that are generally accepted are Robert's rules of poker.
Why is it necessary to follow safety rules in the science laboratory?
It is necessary to follow safety rules in the science laboratory to prevent accidents, injuries, and exposure to harmful chemicals. Safety rules are in place to protect individuals working in the laboratory and ensure a safe working environment for everyone. Failure to follow safety rules can lead to serious consequences and compromise the well-being of individuals in the laboratory.
