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What else can I help you with?
Is rent expense an asset or liability?
Its an asset.
Is supplies expense a liability or asset?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
Is purchase returns an asset or liability?
purchase return is assets or liability or expense
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
Unexpired insurance at the end of the fiscal period represents is it an accured asset liability expense or deferred expense?
deferred nexpense
Is rent expense an asset or liability?
Its an asset.
Is expense a asset or liability?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is supplies expense a liability or asset?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is electricity a liability or asset?
Electricity expense is an expense account while accrued electricity payable is a liability account
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
Is purchase returns an asset or liability?
purchase return is assets or liability or expense
Is an owners life insurance an asset or a liability?
Asset.
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is prepaid expense an asset or liability?
A prepaid expense is classified as an asset. It represents payments made in advance for goods or services that will be received in the future, such as insurance or rent. As the benefits of these expenses are realized over time, they are gradually expensed on the income statement.
Is wage expense asset liability or owner's equity?
neither
