2021 16 Mar 19 Types of Expenses The salary expense will be recorded on the income statement as the expense which will reduce the company profit. The salary payable is the current liability that company owes to the employees. The balance sheet of […]
2021 16 Mar 6 3 Long-term debt The most common forms of debt are the issuance of a promissory note for a large purchase, loans from a bank, and the sale of debt securities like bonds. Often a bank loan will be secured […]