What Are Liabilities in Accounting? With Examples
The type of equity that most people are familiar with is “stock”—i.e. Expenses are expenditures, often monthly, that allow a company to operate. Examples of expenses are office supplies, utilities, rent, entertainment, and travel. Because of their higher costs and longevity, assets are not expensed, but https://personal-accounting.org/crucial-accounting-tips-for-small-start-up/ depreciated, or “written off” over a number of …
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