Use this accounting resource to improve your accounting knowledge and bookkeeping understanding. All of these accounting terms have been reviewed and are written so they can be understood for a wide range of accountants, bookkeeppers, cpas professionals.
Please pick a letter to proceed to the terms associated with that letter.
Expense accounts are the accounts a company uses to keep track of costs of doing business. When recording an expense transaction, it is a debit because it reduces capital. Expenses are included in the income statement or profit and loss statement. Expense accounts reduce income. Examples of expense accounts are salary and wages, payroll taxes, advertising, depreciation, and repairs and maintenance.
Say YES to a FREE Newsletter from Universal Accounting®
and get 5 FREE Bonus Articles!
Each week Universal Accounting publishes articles and tips that will help you succeed in business. We cover topics specific to Accounting, Bookkeeping, QuickBooks & Taxes. These are free each week and you can unsubscribe anytime. We respect your privacy (your email will not be sold or rented).
Don't miss out on your FREE Newsletter- you'll be missing at least 156 Free Money Making Ideas and Tips each year.
