A prepaid expense account is an asset, thus not a temporary account either.
Expense account
liability
asset, debit
A cash interest expense is a cash amount that accrues interest. These types of expenses vary depending on the type of account and the money present in the account.
A prepaid expense account is an asset, thus not a temporary account either.
A prepaid expense account is an asset, thus not a temporary account either.
fuel is a direct expense.direct expense is an expense which can be directly related with production.hence it is recorded as an direct expense in trading account.
Expense account
liability
Salary is an expense for business and that's why shown under income statement as an expense.
asset, debit
Type your answer here... no
A cash interest expense is a cash amount that accrues interest. These types of expenses vary depending on the type of account and the money present in the account.
Payroll expense is a nominal account and as it is expense account so like all expense accounts it also have debit account.
A prepaid expense account is an asset, thus not a temporary account either.
The Drawings account is not an expense account. It is a contra equity account. Therefore, it appears on the balance sheet.