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Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
Are wages on the credit or debit entry on the trial balance?
Wages are typically recorded as an expense, which means they appear as a debit entry on the trial balance. In accounting, expenses increase on the debit side, while liabilities and equity increase on the credit side. Therefore, when wages are paid or incurred, they are debited to the wages expense account, reflecting a reduction in net income.
Is rent expense a debit or credit?
debit
Is an insurance expense a debit or credit?
Debit
Is a miscellaneous expense a debit or a credit?
debit
Is wages due debit or credit?
wages is expense and expense is debit salary is income and income is credit
Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
Are wages on the credit or debit entry on the trial balance?
Wages are typically recorded as an expense, which means they appear as a debit entry on the trial balance. In accounting, expenses increase on the debit side, while liabilities and equity increase on the credit side. Therefore, when wages are paid or incurred, they are debited to the wages expense account, reflecting a reduction in net income.
Is expense debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
Is rent expense a debit or credit?
debit
Is Insurance Expense credit or debit?
Debit
Is an insurance expense a debit or credit?
Debit
Is a miscellaneous expense a debit or a credit?
debit
What is the jounal entry to after-the-fact payroll where all taxes have been paid?
Debit - Payroll (Wages) - for the amount of the total gross wages. Debit - Payroll Tax Expense - for the amount of the EMPLOYER taxes. Credit - Cash
Is salary an expense or expenditue?
Salaries is recorded as a debit entry in the wages account, so it is classed as an expense. Wages are recorded in the nominal ledger or ( general Ledger ) it is classed as a debit entry because the bank/cash book is credited think of debit as in and credit as out. If need any further information please ask. Andrew Swift
Is salary expense a debit?
it is a credit
What is interest expense on a general ledger Debit or Credit?
DEBIT
