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What is ideal expenses?
Ideal expenses are those expenses that are theoretical estimated when one is preparing the feasibility report.
What can you do in addition to cutting all unnecessary expenses to make sure your expenses don't exceed your income?
Get another job to increase income.
What are the expenses of an average middle class US citizen?
The average expenses of a middle class United States citizen is $3600 per month.
What is the us deficit?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What happens to government expenses in a recession?
increase
What is journal entry of outstanding expenses paid?
[Debit] Outstanding expenses [Credit] Cash / bank
What is the purpose of a corporate bank account?
The purpose of a corporate bank account is for a business to have a place for their revenue and expenses. It helps keep their business and personal expenses separate.
Does bank expense goes at income statement?
No, bank expenses do not typically go on the income statement. Bank expenses are usually recorded on the bank's own financial statements as part of their operating expenses. The income statement of a bank would typically include items such as interest income, loan loss provisions, and non-interest income.
Can you show the journal entry for expenses incurred on food?
debit food expenses / meals and entertainmentcredit cash / bank
A bank account you use to pay everyday expenses?
CREDITCARD
How do you pass the journal entry of withdraw from the bank for office expenses?
[Debit] Cash xxxx [Credit] Bank xxxx
What are the advantages of paying your house off?
You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.
Journal entry for prepaid expenses?
1.Intial Step when we pay the prepaid Expenses Prepaid Expenses A/c DR Bank A/C CR 2.Later on adjustment in our books Expenses A/c DR Prepaid Expenses A/C CR
How do you prepare bank account personal expenses cash in hand?
To prepare the bank account personal expenses cash in hand the credit and the debit section must be created. This will enable the proper balancing of the expenditure and the income.
How do you record bank charges in tally 9?
create bank charges ledger under expenses....n make a entry.
Why do banks charge borrowers a higher rate of interest than they pay their depositers?
To pay the expenses of running the bank; salaries for the employees, advertising expenses, taxes and maintenance on the bank buildings, and everything else that costs money in the process of making the bank work as a business. If the bank has ATM systems, then the bank has to pay for those, and for the software upgrades, and for the computers and servers that the bank uses.
How do you pass journal entry for cash withdraw from bank?
cash widraw is indirect expenses or what
