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What is the meaning of nominal account and real account and personal account?
The account related to the individual firm , company,and institution is called personal account. THE account related to the things or properties of business organisation whose valuation can be done in terms of cash is called real account. the account related to the income , expenses,profit and gain is called nominal account. .
Can a person use their hsa account to pay for medical expenses for their live in girlfriend?
Qualified medical expenses are those incurred by the following persons.You and your spouse.All dependents you claim on your tax return.Click on the below related link
What does indirect expenses mean?
Indirect Expenses are those expenses which are incurred after the manufacturing process is over, e.g. selling and distribution expenses, all the administrative expenses, carraige outward, advertisement expenses because they are related indirectlt with the product manufacturing and sales.
What are examples of distribution expenses?
Distribution expenses are expenses related to getting the product from the place of manufacturing to the place where it is sold. This could include expenses related to import or export, postage, fuel, trucks, etc.
How can I find expert advice and solutions related to electrical engineering on the Electrical Engineering Stack Exchange platform?
To find expert advice and solutions related to electrical engineering on the Electrical Engineering Stack Exchange platform, you can create an account on the website and then search for relevant topics or questions. You can also ask your own questions and engage with the community of electrical engineering professionals to get the help you need.
What is meant by selling expenses?
Selling Expenses are the expenses directly related to producing sales. Typical Selling Expenses would be Advertising and Salesman's Commissions.
Is one of the fixed asset accounts from Office Equipment Land Delivery Equipment or Building will not have a related contra asset account?
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How can I categorize software subscriptions in QuickBooks?
In QuickBooks, you can categorize software subscriptions by creating a new account under the Chart of Accounts section. Choose the appropriate account type, such as an expense account, and assign it a name that reflects the software subscription. Then, when entering transactions related to the subscription, select this account to track the expenses accurately.
Can you deduct toll expenses on your taxes?
Yes, toll expenses can be deducted on your taxes if they are related to business travel or other deductible expenses.
What types of educational expenses are deductible?
Qualified education expenses are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Click on the below related link for more information and details.
What are checks?
Expense checks are used to cover work related expenses. These expenses must be able to be documented, and must be legitimate work expenses.
What goes on a income statement?
income statement includes expenses and incomes related to that specific single fiscal year for which that income statement is prepared. It is to clarify that only income and expenses related to that specific period is included and not for any other fiscal year.
