According to Wikipedia:
The President has:
The President of the United State's salary is approximately $400,000 per year. This continues once they have left office in the form of a pension which is equal to the cabinet secretary's pay.Yes. He is compensated at the rate of $400,000 per year. The president also receives several expense accounts.The president earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 non-taxable travel account and $19,000 for entertainment.
The House of Representatives and the Senate receive a $3,000 annual housing allowance tax deduction.
what is a salary of president of India
no- he must pay for the food he eats.
From doing research on the web, it was suggested that President Lincoln's annual salary was $25,000 per anum.
The annual salary of President Obama is about $400,000, plus a $50,000 expense account.
The president earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 non-taxable travel account and $19,000 for entertainment
Yes, a debtors allowance, also known as an allowance for doubtful accounts, is considered an expense. It represents the estimated amount of accounts receivable that may not be collected and is recorded as an expense on the income statement. This allowance helps businesses anticipate potential losses from uncollectible accounts and accurately reflect their financial position.
$450,000
The President of the United State's salary is approximately $400,000 per year. This continues once they have left office in the form of a pension which is equal to the cabinet secretary's pay.Yes. He is compensated at the rate of $400,000 per year. The president also receives several expense accounts.The president earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 non-taxable travel account and $19,000 for entertainment.
Since 01/01/2001, the annual salary is $400,000 per year, plus a $50,000 expense allowance. He also gets a $100,000 non-taxable travel account and $19,000 for official entertainment which is not considered to part of his salary.
1 dollar
$400,000
Answer:Yes. To increase the allowance for doubtful accounts, expenses are incurred. Uncollectible accounts expense is debited, and the allowance is credited.The allowance is a buffer to absorb defaults. If the allowance is too high, the journal entry to increase the allowance is reversed. In other words, a debit to the allowance, and a credit to the uncollectible accounts expense. The reversal increases net income (as expenses are reduced).
Since 2001, the office of President of the United States has earned a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 nontaxable travel account, and $19,000 for entertainment.
The president earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 non-taxable travel account and $19,000 for entertainment. (Wikipedia)
Bad debt expense account is the actual expense account for bad debts while allowance for doubtful account is the provision for account in case of any bad debts occurs in future.