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Does payroll Expense have a credit or debit account?
Payroll expense is a nominal account and as it is expense account so like all expense accounts it also have debit account.
What is the presidents current salary?
At the present time, US presidents earn $400,000 annually. They also receive a $50,000 annual expense account, a $100,000 nontaxable travel account, and $19,000 for entertainment. These rates were put into effect in 2001.
What is the presidents pay check?
The president earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 non-taxable travel account and $19,000 for entertainment. (Wikipedia)
What type of account is a prepaid expense account?
A prepaid expense account is an asset, thus not a temporary account either.
What account type is a prepaid expense account?
A prepaid expense account is an asset, thus not a temporary account either.
What account types is a prepaid expense account?
A prepaid expense account is an asset, thus not a temporary account either.
Is the drawings account an expense account?
The Drawings account is not an expense account. It is a contra equity account. Therefore, it appears on the balance sheet.
How do I account for IT maintenance expense?
software expense
Is a drawing account an expense or liability?
an expense
Which account is not classified as a selling expense Freight-Out or Sales Salaries or Advertising Expense or Sales Discounts?
Which account is not classified as a selling expense?
The presidents salary and expense allowance equal?
$450,000
What is the journal entry to reverse an accrued expense?
Payable Account XXX Expense Account XXX
