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Rent expense has a debit balance as a normal balance so increase in rent will be shown by debit to rent expense.
it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.
Neither. Depreciation is a non-cash expense.
The increase in gas prices has an impact on everything, literally. Company's that ship merchandise, receive merchandise, provide services, etc, have to account for the increase expense of gas in order to "move" their products. The increase in gas price is an increase in expense for the company, in order to compensate for this increase in expense, the company must raise their prices to still be able to meet Sales and Profit Margins. This increase in expense is past on to us by higher food cost, higher shipping cost, higher cost in anything a consumer purchases.
no if the owner expense money on his property it w'll increase the value not decrease (shaista)
I say it is a debit
revenue
yes
Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.
Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.
A debit to an equity account, or in this case an expense account, will increase the expense account. An increase to this account means the more expenses you have. The more expenses mean the less money you earn and therefore you make less money in your income statement because revenues - expenses = income
yes it did not