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No, salary is not considered a capital expense. Capital expenses pertain to long-term investments in physical assets, such as equipment or property, that provide benefits over multiple years. Salaries, on the other hand, are classified as operating expenses, as they are regular costs associated with the ongoing operation of a business.
What else can I help you with?
Why salary should be classified as a selling expense?
only salaries of employees engaged in selling can be classified as selling expense..salary of salesperson,saleslady,salesman,sales supervisor are the examples that fall under selling expense..it is classified as selling expense, simply because the expense occurred in selling department.
The presidents salary and expense allowance equal?
$450,000
Is salary a capital expenditure?
No. No capital asset results from it.
What does the term essential expense mean in financial terms?
An essential expense is an expense that is necessary, for example rent or salary. It is something that cannot be gotten rid of or trimmed.
Building appraisal fees - capital or expense?
Building appraisal fees are typically considered a capital expense rather than an operating expense. This is because these fees are associated with acquiring an asset or enhancing its value, thus contributing to the cost basis of the property. Capitalizing the appraisal fees allows them to be depreciated over time, aligning the expense with the asset's useful life. However, if the appraisal is for a short-term purpose or related to property management, it may be treated as an operating expense.
What will be the journal entry if employee take stock in the place of his salary in tally?
Dr. Salary Expense/Payable Cr. Common Stock Cr. APIC - CS
Is salary an expense?
Yes. No , Its not a Expense. Its an Asset.
What account type is salary?
Salary is an expense for business and that's why shown under income statement as an expense.
What is the journal entries for paying employee salary?
Salary expense
Which would not be an expense for a candidate running for national office?
Salary for the candidate would not be an expense since the candidate does not receive a salary.
Which would not be a an expense for a candidate running for a national office?
Salary for the candidate would not be an expense since the candidate does not receive a salary.
.Which would not be an expense for a candidate running for a national office?
Salary for the candidate would not be an expense since the candidate does not receive a salary.
Is salary expense a debit?
it is a credit
What is the journal entry for accrued expense?
basic salary 21967 / salary of September
What is the journal entry for salary?
[Debit] Salary expense [Credit] Cash / bank
What is the journal entry for salary not paid?
[Debit] Salary Expense xxxx [Credit] Salary payable xxxx
What is salary expense debit or credit?
You are a homosapien
