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estimated expenses are expenses that are not actual or real. it may be more than or less than the ctual expenses
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∙ 12y ago
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What is the definition in expenses in business?
ordinary business expenses
Definition of nominal real and personal accounts?
A nominal real account represents incomes, gains, expenses, and losses. A personal account represents a person's and organization's expenses.
Definition of estimated average requirements?
Estimated Average Requirements (EAR): The nutrient intake value that is estimated to reach the requirements in 50 per cent of people in a specific group, usually defined by age and sex.
What is best definition of net income?
"Net income" simply means income minus expenses.
What is a definition spending power tourist?
If you have money to spend after paying taxes and all expenses, you have spending power according to the amount of money you have left over. A tourist with spending power has money to spend after all travel expenses are paid or accounted for.
What is ideal expenses?
Ideal expenses are those expenses that are theoretical estimated when one is preparing the feasibility report.
What is the definition in expenses in business?
ordinary business expenses
What the definition of expenses in accounting rules?
debit all expenses and losses
What is the definition of functional expenses?
Functional expenses are expenses grouped together according to the purpose for which the expense occurred. Some examples of this would be administrative expenses, program expenses, or cost of goods.
What does using the trip cancel link do to your reservations and estimated expenses?
Sets all or most of your expenses to $0 and cancels all reservations.
If a company fails to record estimated bad debts expense?
expenses are understated
What is the the definition of weekly expenses?
The amount of money you spend in a week.
Definition of net income?
The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
What is the definition of fixed expenses?
Any expense that does not change from period to period, such as loan payments.
How much does it cost at northwestern university?
Tuition for the 2012-2013 academic years is $43,380. Total expenses including fees, books, room and board, and personal expenses but not transportation are estimated at $61,240.
What are the five categories of adjusting entries?
deferred expenses, deferred revenues, accrued expenses, accrued revenues and estimated expensesAdjustments to the enterprise's accounts can only be made in the time period when the business terminates.
Definition of nominal real and personal accounts?
A nominal real account represents incomes, gains, expenses, and losses. A personal account represents a person's and organization's expenses.
