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The employees are such an expense for banks because of they must be paid well. There are some who plan with robbers on how to steal from the coffers of the bank.
What else can I help you with?
What is to expense?
In accounting an expense activity requiring someone to spend money. For instance, paying employees is considered an expense to businesses.
What is the journal entry for payment of accrued expense?
debit accrued expensescredit cash / bank
What is the accounting entry for Accrued Expense?
Dr. Accrued Expense Cr. Cash or Cash in bank
How do you record a journal entry to reverse the expense booked?
debit cash / bank / accounts payablecredit expense account
When a firm with a 6-day workweek pays employees on Saturday. If the firm's year ends on a Saturday and gross salary for the week is 12000 how much salary expense is accrued at year end?
If the firm's year ends on a Saturday and the gross salary for the week is $12,000, then the entire amount is considered salary expense for that week. Since employees are paid on Saturday, this amount will be accrued as a salary expense at year-end, as it is owed to employees for the work they have completed in that week. Therefore, the accrued salary expense at year-end would be $12,000.
Why are employees a major expense for banks?
The employees are such an expense for banks because of they must be paid well. There are some who plan with robbers on how to steal from the coffers of the bank.
What is to expense?
In accounting an expense activity requiring someone to spend money. For instance, paying employees is considered an expense to businesses.
What are bank expenses?
Major bank expenses are: Operational Costs - employee salaries; Captital Costs -buying equipment and or buildings; Financing Costs - interest expense for loans and bonds
Is bank debts expense?
Yes
Are bank employees federal employees?
Nope
What is the journal entry for payment of accrued expense?
debit accrued expensescredit cash / bank
When was Bank Employees Federation of India created?
Bank Employees Federation of India was created in 1982.
When was Cyprus Union of Bank Employees created?
Cyprus Union of Bank Employees was created in 1955.
Use of employees or employee's?
employees is plural, employee's is possesive The bank's employees did nothing to stop the robber. The employee's bank was being robbed.
What is the accounting entry for Accrued Expense?
Dr. Accrued Expense Cr. Cash or Cash in bank
How do you book a Prepaid Expense?
[Debit] Prepaid Expense xxxxx [Credit] cash / bank xxxxx
How many employees does state bank of India have?
I think State Bank Of India have approx 2,00,000 employees
