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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 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.
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 payroll expense?
A payroll expense is an expense for an employee of a business. It is what is used to pay the workers in a company or organization.
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 purchase returns an expense or income?
it is neither an expense nor an income
What is a covered expense?
A covered expense is an expense paid for usually by a company for their customers or a business for their employee. Covered expenses are a benefit defined by the company.
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 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.
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 payroll expense?
A payroll expense is an expense for an employee of a business. It is what is used to pay the workers in a company or organization.
Where does the money from the purchase of a gallon of gasoline go?
anyone's expense is someone's income so even if we say that the money goes to oil company from there some part goes to govt as taxes the remaining to shareholders the shareholders will then expense it out for their needs
Is purchase returns an asset or liability?
purchase return is assets or liability or expense
What are some tips for travel expense management?
Travel expense management is used by companies that have travel expenses as part of the company budget. Some tips are to have a policy in place for company travel and purchase a software that will allow the company to track and manage travel expenses. Make the employees familiar with the software and use it to track expenses. This will allow the company to have all the data in one place.
IS interest Expense an operating expense?
for trading business interest expense is always non-operating expense because of that "the person who use trading business is only to sell and purchase of goods" so the business activity is only to purchase and sell of goods. in this type of business, to perform these activities may face the expenses like transportation, employee salary and rent expenses and sort of thing. rather than interest expense which is an another expense these expense not use to generate operational goods in this type of business or operational income
Is the purchase of a route a capital expense?
If route is purchased for one fiscal year then it is a revenue expense, but if route is purchased for morethan one year then first year purchase portion is revenue expense and remaining portion is long-term asset.
