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Payments of expenses that will benefit more than one accounting period are identified as?
Wiki User
∙ 12y ago
deffered revenue expenditure
Wiki User
∙ 12y ago
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What is the benefit of an accounting software?
The benefit of an accounting software is that it provides fastest and most accurate computation of debits, credits, assets, inventories, taxes, expenses, salaries and many more.
What the difference between expenses and prepaid expenses?
Expenses are those amounts the benefit of which is already taken by business while prepaid expenses are advance payments for those expenses which company will incur in future.
What is benefit of sound accounting system to management?
Benefits of database management system?some of the benefits of dbms: reduced operative expenses quick and accurate decisions based
Are accrued expenses assets or liabilities?
Accrued expenses are those expenses the benefit of which has already taken by the business but the payment is not yet cleared that's why it is the liability of business.
Discuss the objective and benefit of cost accounting?
discuss the objective of business
What is the benefit of an accounting software?
The benefit of an accounting software is that it provides fastest and most accurate computation of debits, credits, assets, inventories, taxes, expenses, salaries and many more.
What the difference between expenses and prepaid expenses?
Expenses are those amounts the benefit of which is already taken by business while prepaid expenses are advance payments for those expenses which company will incur in future.
Can welfare benefit payments be harmful?
welfare benefit payments can be harmful
What is benefit of sound accounting system to management?
Benefits of database management system?some of the benefits of dbms: reduced operative expenses quick and accurate decisions based
Distinguish between outstanding expenses and unexpired expenses?
Those expenses which have been paid in advance and whose benefit will be available in future are called unexpired or prepaid expenses. e.g. insurance premium The expenses remaining unpaid at the end of the accounting period are called outstanding expenses.Certainly expenses like salaries,rent etc. of the every month will be paid in the next months. By ADITYA (UPES)
How does it benefit external users in accounting principles?
of accounting principles
Benefit and objective of cost accounting?
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What is a benefit club?
A benefit club is a mutual aid organization with subscribers entitled to benefit payments in case of an accident or illness.
What are the benefit of cost accounting?
The benefit of cost accounting is that you do not need to calculate the change in the costs when the price of your supplies increase. Your profits are simply your sales minus the cost of your inventory and minus the cost of your purchases. Cost accounting is ideal for a small operation.
What are expenses on the income statement?
expenses are those amounts the benefit of which has already taken by company in normal operations of business.
Are accrued expenses assets or liabilities?
Accrued expenses are those expenses the benefit of which has already taken by the business but the payment is not yet cleared that's why it is the liability of business.
Discuss the objective and benefit of cost accounting?
discuss the objective of business
