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What else can I help you with?
Is purchase returns an expense or income?
it is neither an expense nor an income
What type of an account is a purchase?
contra-expense It's an expense, not a contra expense. If you don't pay the bill within the discount period, and you had recorded the original purchase at net (Purchase price less the early pay discount) then you have more expense, not less, when you don't pay on time.
What type of an account is a purchase discount?
contra-expense It's an expense, not a contra expense. If you don't pay the bill within the discount period, and you had recorded the original purchase at net (Purchase price less the early pay discount) then you have more expense, not less, when you don't pay on time.
What is purchase expense?
Purchase expenses are those expenses which are incurred at the time of purchase of anything, like - Auto rikshwa's bill means travelling expense after purchasing of goods.
Is purchase returns an asset or liability?
purchase return is assets or liability or expense
I am preparing expense budget for 5 years how do i show and calculate depreciation expense?
First of all capital expenditure should be estimated and after that on the basis of fixed assets purchase assumption depreciation can be calculated.
Is the purchase of a building recorded as an expense?
No, the purchase of a building is an expenditure (different from an expense) and therefore must be capitalized.
Is capital improvement an operating expense?
no
When should I capitalize fire alarm?
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).
Is purchase returns an expense or income?
it is neither an expense nor an income
Is a subscription a capital expense?
No, a subscription is considered an operating expense rather than a capital expense. Operating expenses are incurred in the day-to-day operations of a business, while capital expenses are investments in long-term assets like equipment or property.
What type of an account is a purchase?
contra-expense It's an expense, not a contra expense. If you don't pay the bill within the discount period, and you had recorded the original purchase at net (Purchase price less the early pay discount) then you have more expense, not less, when you don't pay on time.
What type of an account is a purchase discount?
contra-expense It's an expense, not a contra expense. If you don't pay the bill within the discount period, and you had recorded the original purchase at net (Purchase price less the early pay discount) then you have more expense, not less, when you don't pay on time.
What is purchase expense?
Purchase expenses are those expenses which are incurred at the time of purchase of anything, like - Auto rikshwa's bill means travelling expense after purchasing of goods.
Is a major expense a capital improvement?
Capital Improvement is not an expense. Expenses are associated with expenses. Capital Improvements are increase in the assets. Example adding a new road. this is a very good question and it is also dumb
Is purchase returns an asset or liability?
purchase return is assets or liability or expense
Interest on capital is expense or income?
Interest on capital is typically considered an expense for a business. It represents the cost of using funds that could have been invested elsewhere, thereby reducing the overall profitability of the company. However, for the individual or entity providing the capital, it is recognized as income. Thus, the classification depends on the perspective—expense for the business and income for the capital provider.
