Could you rephrase and resubmit your question. This cannot be answered the way it is written. Please be specific. This way you get the best answer possible.
yes
The accounting journal entries for penalties and interest on taxes will go in the debit and credit columns. You debit the expense account and credit the liability account until the penalties and interest is paid.
To report a $29,000 roof expense in QuickBooks, you would create a new expense transaction. Go to the "New Transaction" menu, select "Expense," and enter the details of the expense, including the date, vendor, and the amount. Assign the expense to the appropriate account, such as "Roofing Expense" or "Fixed Asset" if capitalizing the cost. Finally, save the transaction to reflect the expense in your financial statements.
Dr. Prepaid expence (balance sheet) Cr. Expense (income statement) e.g. you have already paid $1200 insurance, but at year end still have six months to go until you have to renew your premium. You would have expensed the full $1200 - now you need to remove the unused (prepaid) portion. Dr. Prepaid expense $600 Cr. Insurance $600
yes, under operating expenses
No, telephone expenses do not go on the income statement. Telephone expenses would be recorded as an operating expense on the income statement under the category of "Communication expenses" or similar designation.
Taxes paid is part of cash book or cash flow statement and tax expense in income statement and tax payable is balance sheet item.
A private telephone line can be signed up for by contacting your telephone service provider. It will cost more money then what is paid for a public line.
In my experience CDCR provided a lovely all expense paid trip upstate for 24months for first offense of sales of marijuana (HS11360)....
Go go powerrangers
Expenses are never listed in the balance sheet regardless of what they are for. Expenses appear on the income statement. At the end of the accounting period (fiscal or calendar year) expenses are close out.
yes
Does a DSL connection need to go through my telephone company?
Maintence Expense is just like any other expense and will be reported on the income statement and deducted from Gross Income to obtain Net Income...
Electricity is not part of balance sheet rather it is an expense and it is shown in income statement of business as expense.
on the credit side
if you have access to google, go onto it, click on images, then type in telephone and send.