What is the difference between an expense and a payable

What is the difference between an expense and a payable

Assignment Help Accounting Basics

Reference no: EM13659338

What is the difference between an expense and a payable? For example, Salaries Expense and Salaries Payable?

Reference no: EM13659338

Questions Cloud

How you would communicate with the customer : How you would communicate with the customer in a non-discriminatory manner - What tactics you would use to focus customer attention on this particular product

What is the difference between a current liability : What is the difference between a current liability

Record the transactions in the journal : Record the transactions in the journa

Compare different measures : Compare these different measures

What is the difference between an expense and a payable : What is the difference between an expense and a payable? For example, Salaries Expense and Salaries Payable?

Agricultural trade between australia and china : Agricultural trade between Australia and China - facts and figures - which area are increasing / decreasing -factors affecting this trade

What is the direct labor cost : Direct Labor was 50 % of prime costs for October. Given the manufacturing overhead for the month was 70,000 and the direct materials costs was 40,000 what is the direct labor cost?

Buddhism verse christianity : Write an essay about Buddhism verse Christianity

Determine the amount of supplies used : Determine the amount of supplies used and journalize the adjusting entry.

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

Accounts and financial statements of recording

A business issued a 60-day, 7% note for $15,000 to a creditor on account. Illustrate the effects on the accounts and financial statements of recording

Traditional income statement

Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer?

Thunder corporation retired 130000 face value 12 bonds on

for each situation prepare the appropriate journal entry for the redemption of the bonds.a thunder corporation retired

What accounts are likely to be overstated or understated

Your client, a manufacturer of computer components has experienced slowing demand for its product. Recently, it cut back from three shifts a day to two shifts a day and the company has eliminated the backlog of orders that existed in prior years b..

What circumstances led to the passage of sarbannes-oxley

what circumstances led to the passage of sarbannes-oxley? do you think this act has been successful? why or why not?

Problem related to accountants recommendation

Do you concur with the new accountant's recommendation? Present a schedule to support your answer.

This situation is very similar to what a company called

this situation is very similar to what a company called enron did several years ago. use the internet or the university

Boise corp had a margin of safety of 394000 last month with

boise corp had a margin of safety of 394000 last month with sales revenue of 1120000 and fixed costs of 333960.a.what

Compute the compnays material price variance compute the

the cost accountant for a drug company has informed you that the companys materials quality variance for a allegra was

The per-unit standard for direct labor are 2 direct labor

the per-unit standard for direct labor are 2 direct labor hours at 12 per hour. if in producing 1200 units the actual

Describe foreign corrupt practices act

Describe Parts I and II of the Foreign Corrupt Practices Act. What is the impact of this act on companies and public accountants? Explain.

How to calculate the maturity risk premium for a 2 year

how to calculate the maturity risk premium for a 2 year security where the real risk free rate is 3 and inflation is 3

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd