Expenses (just like revenues) are measured over some period. As an analogy, when you open the fridge, you can count the number of bottles of beer that you have ("assets", what you have at some point), but you won't see how many bottles of beer you drank last month ("expenses", measured over a period).
Miscellaneous expenses are part of income statement and not part of balance sheet and not shown under balance sheet.
Administrative expenses are part of income statement and shown there and not in balance sheet.
no
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
Assets
Miscellaneous expenses are part of income statement and not part of balance sheet and not shown under balance sheet.
Administrative expenses are part of income statement and shown there and not in balance sheet.
balance sheet
no
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
It depends on the nature, if expenses are paid and benefits are also rendered then expenses will be shown in income statement, but if benefits not received then it will be shown in balance sheet.
Assets
HST paid goes on the credit side or expenses on the balance sheet
Utility expenses are recorded in the expenses section of an income statement
Prepaid expenses are shown in current assets under assets portion of balance sheet.
Debit in your Income statement credit in your balance sheet.
sales and expenses