Expense Accounts

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  • 1 Types
Definitions
Debit and Credit
Debit and Credit Double-Entry Bookkeeping Financial Accounting Asset Accounts Expense Accounts Liability Accounts Revenue Accounts Capital Accounts
Understanding the fundamental rules of debit and credit in double-entry bookkeeping is essential for accurate financial accounting.
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Definitions
Fringe Benefits
Fringe Benefits Employee Compensation Non-Monetary Benefits Shareholder Perks Company Cars Health Plans Expense Accounts
Non-monetary benefits offered to the employees of a company in addition to their wages or salaries, and benefits provided to shareholders beyond dividends.
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Definitions
Income Accounts
Income Accounts Revenue Accounts Expense Accounts Profit and Loss Accounting Period Operational Performance Financial Statements
In accounting, income accounts refer to revenue and expense accounts that reflect transactions affecting profit or loss during the accounting period. Unlike balance sheet accounts, income accounts provide insight into the organization's operational performance.
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Definitions
Revenue and Expense Accounts
Revenue Accounts Expense Accounts Income Statement Financial Reporting Income Accounts Accounting Business Finance
Revenue and Expense Accounts are fundamental components in accounting that track the income and expenditures of a business over a specific period. These accounts help determine the net profit or loss and are essential for financial reporting and analysis.
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