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This statement may be found on BBB sites:

BBB accreditation fees/membership dues cannot be deducted as a charitable contribution for federal income tax purposes, but are usually 100% deductible as a business expense (consult tax advisor).

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15y ago

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Is credit card fee expense a selling or administrative expense?

selling expense.


What is the accounting journal entry to record audit fees?

If paid in cash use the following accounts: A debit to Audit Fee Expense A credit to Cash If the fee is going to be paid at a later date use the following accounts: Debit to Audit fee expense Credit to Audit fee payable Once the fee is paid then we use the following accounts Debit to Audit fee payable Credit to Cash a/c


Are fees earned a liability?

as a customer fee is my expense so its goes under nominal a/c


How do you record industrial funding fee transactions?

To record industrial funding fee transactions, first determine the nature of the transaction, whether it's an expense or a liability. If it's an expense, debit the appropriate expense account and credit cash or accounts payable. If it involves a liability, debit the cash or asset account received and credit a liability account for the funding fee. Ensure to document the transaction with relevant details for accurate financial reporting and compliance.


What is the double entry for under provision of audit fee for previous year?

The double entry for the under provision of an audit fee from the previous year involves recognizing the additional expense incurred. You would debit the Audit Expense account to reflect the increased expense and credit the Accrued Liabilities or Accounts Payable account to indicate the obligation to pay the additional fee. This adjustment ensures that the financial statements accurately reflect the costs associated with the audit for the prior period.

Related Questions

Is credit card fee expense a selling or administrative expense?

selling expense.


ADA dental fee schedule?

The ADA does not endorse any one fee schedule.


Can an annual credit card fee be a prepaid expense?

yes


What is the greek word for advertising?

The greek word for advertising is διαφήμηση, and it is pronounnced thee-a-fee-mee-see


Often a hidden feature of an account is it?

Fee Schedule


Many insurers pay benefits based on the average fee charged in a geographical area is referred as?

The payment method described is known as the average fee schedule or average geographical fee schedule.


What is the importance of a medical fee schedule?

It is a list of healthcare services vasis generally update fee schedules on an annual basis.


What is the accounting journal entry to record audit fees?

If paid in cash use the following accounts: A debit to Audit Fee Expense A credit to Cash If the fee is going to be paid at a later date use the following accounts: Debit to Audit fee expense Credit to Audit fee payable Once the fee is paid then we use the following accounts Debit to Audit fee payable Credit to Cash a/c


How is the advertising fee for the super bowl determined?

Basically it comes down to how much is the companies are willing to pay. It is not a fixed fee every year.


Fee structure of sir syed university Karachi?

fee schedule of sir syed university of engineering and technology in year 2011


Are fees earned a liability?

as a customer fee is my expense so its goes under nominal a/c


What are the sources of income for soccer players?

Their salary, percentage of transfer fee and advertising deals.