No dea
Salary for the candidate would not be an expense since the candidate does not receive a salary.
Salary for the candidate would not be an expense since the candidate does not receive a salary.
Salary for the candidate would not be an expense since the candidate does not receive a salary.
To receive more goods/services than you would ordinarily be entitled to for the expense.
A personal salary will not be an expense for a candidate running for a national office. Candidates do not receive a salary while running for office; however, campaigns do incur various expenses such as advertising, staff salaries, travel, and fundraising costs.
While furniture is considered a Capital Asset, most companies set a threshold for capitalizing an asset. So, if a $500 threshold had been established, and the table cost less than $500, it would be expensed in the current period.
revenue expenditure
if I start work on 5-10-13 in springdale Arkansas on what do would I receive my first pay check and how many would I receive in the month of may?
As we know, in accounting and book-keeping, expenses are debited in order to cause a decrease in the owner's (or stockholders') equity. So in this case, we record outstanding expense as: ASSETS = LIABILITES + CAPITAL Nil = +(outst. expense) - (outstanding expense) Outstanding Expenses are added to Liabilities because it is business' CURRENT LIABILITY and deducted from CAPITAL because it causes a decrease in owner's equity. NOTE: At the time of payment we deduct it from Liabilities as well as from Cash ( or in JOURNAL ENTRY: we debit Outstanding Expense and credit Cash) ASSETS = LIABILITES + CAPITAL -outst. exp. = -outst. exp. + Nil
No, engineering is a service and would be an operating expense, unless their services are built into the purchase price of an engineered system (capital equipment).
Admin expense
Owner's Equity = Contributed Capital ± Retained Earnings Contributed capital is money that has been contributed to a company by its owners or by a direct investment made by stockholders in a corporation. A company would have stockholders if that company sells shares or stock. Retained earnings is a companys' accumulated profits that have been put back or reinvested into the company. Some examples of retained earnings are supplies expense, rent expense, wages expense, interest expense, utilities expense, sales revenue, cost of goods sold, and depreciation expense. A return on equity (ROE) is the net income divided by stockholders' equity. Assets = Liabilities + Owners Equity