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overhead
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∙ 11y ago
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What is the difference between a gross profit and net income?
Gross profit is the total money you made. Net income is what is left of that money after you pay all your expenses: Heat, light, employee salaries, insurance, etc.
What is the journal entry for outstanding salaries?
outstanding salaries a/c....................dr to outstanding expenses
Is salaries payable an expense?
Salaries payable is a out standing expenses for time being its show as a liability account.
Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
Is wages and salaries expenses on a normal balance account considered a debit or credit?
Wages and salaries both are expenses to the company and like all expenses normal debit balance these accounts also have debit balance as their normal balance.
What is it called expenses such as heat light and salaries?
Ovethead
What is the difference between a gross profit and net income?
Gross profit is the total money you made. Net income is what is left of that money after you pay all your expenses: Heat, light, employee salaries, insurance, etc.
What is the journal entry for outstanding salaries?
outstanding salaries a/c....................dr to outstanding expenses
Is salaries payable an expense?
Salaries payable is a out standing expenses for time being its show as a liability account.
Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
Is wages and salaries expenses on a normal balance account considered a debit or credit?
Wages and salaries both are expenses to the company and like all expenses normal debit balance these accounts also have debit balance as their normal balance.
When a business pays cash for salaries assets decrease and expenses?
INCREASE
Are salaries expense debit or credit?
Expenses have a normal debit balance.
Is salaries is the part of owners equity?
No, Salaries are an expense. EXPENSE is a part of owners equity but you would not put salaries in the owners equity group you would put it with the expenses.
List of items categoriesed as fixed expenses?
rent Salaries Depreciation Insurance
What expenses would a company have besides materials and employee salaries?
chicken paste
Is rent considered a SGA expense?
SG&A expenses are sales, general, and administrative expenses. They are company overhead costs that include recurring expenses like rent, office supplies, and salaries.
