0
Yes. No , Its not a Expense. Its an Asset.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Is salary expense liability?
Salary expense is not a liability - it is an expense; however, if salaries are accrued between periods, there will likely be a liability account named "Accrued Salaries" or "Salary Due."Associated with salaries; however, are various taxes. Those taxes are not necessarily submitted to government entities at the same time as the salary is paid to employees. There will likely be liability account(s) associated with those taxes.
When do you expense an asset?
preliminary expense is the expense for fitting the asset or similar works, so this expenses capitalized.... and is called fixed asset
How do you figure out your monthly salary with your yearly salary?
Divide your yearly salary by 12 to get your monthly salary.
When does an accrued expense have to be paid?
An accrued expense is an accounting expense that is recognized in the books but has not yet been paid. It is usually a current expense. An accrued expense is paid when the due date for payment has reached, for example, wages are accounted for in the books before they are paid, but are usually paid either on a monthly or weekly basis depending on the policies of the company.
What is the salary of sarpanch?
Manthly salary
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 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 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.
Is salary expense a debit?
it is a credit
What is the journal entry for salary?
[Debit] Salary expense [Credit] Cash / bank
What is the journal entry for accrued expense?
basic salary 21967 / salary of September
What is salary expense debit or credit?
You are a homosapien
What is the journal entry for salary not paid?
[Debit] Salary Expense xxxx [Credit] Salary payable xxxx
What are expenses such as heat light and salary called?
Salary is not an expense. -Please re-write so it makes a logical query.
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.
