Professional Documents
Culture Documents
Major Accounts: Ana Flor V. Cerbo
Major Accounts: Ana Flor V. Cerbo
Rent Expense - for the amount paid or incurred for the use of property,
usually premises.
Uncollectible Accounts – for the anticipated loss that the business may
incur arising from uncollectible accounts
Depreciation Expense – for the portion of the cost of property and equipment or
fixed assets that has expired based on rational and systematic allocation
procedure.
Taxes and Licenses – for the amount paid for business permits, licenses and
other government dues except Income Tax.
Insurance Expense – account title for the expired portion of the insurance
premium paid.
Utilities Expense - the account title telephone, light and water bills.
Gas and Oil – account tile for gasoline, lubricants, grease, fluids, lube oils, etc.,
for use by company vehicles.