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How are outstanding expenses treated in final accounts?
i don't no. please give answer.
What happens when a capital expenditure is treated as a revenue expenditure?
Expenses are overstated and assets are overstated
What happens when capital expenditure is treated as revenue expenditure?
Expenses are overstated and assets are overstated
What happens when a capital expenditure is treated as revenue expenditure?
Expenses are overstated and assets are overstated
What statements was a keys idea expressed by socialists?
all citizens should be treated equally and fairly.
What statements was a key idea expressed socialists?
all citizens should be treated equally and fairly.
Is interest expenses an asset or a liability?
In accounting, interest and other expenses are neither; they are a contra-equity account. This means that as expenses increase, the owners have less equity. Expenses should normally be treated as a debit account, so as you record interest expenses, you should be crediting either an asset or a liability at the same time.
If a capital expenditure is treated as a revenue expenditure then?
Now, if a capital expenditure is treated as a revenue expenditure, then the expenses would be overstated and also the Fixed assets would be overstated
How are the provisions for doubtful debts treated in the final accounts?
The debts are treated as expenses in the profit and loss account, being entered on the debit side of the income statement coloums.
How should savings be treated as another type of financial asset?
Savings should be treated as a financial asset because they represent money that can be used for future investments or emergencies. By viewing savings as an asset, individuals can better manage their finances and work towards achieving their financial goals.
Are selling and administrative expenses treated as product costs or as period costs under variable costing?
Period Costs.
Are selling and administrative expenses treated as product costs or period costs under variable costing?
Period Costs.
