Salaries expense debit or credit

Since Salaries are an expense, the Salary Expense is debited. Correspondingly, Salaries Payable are a Liability and is credited on the books of the company.

Why is salaries expense a debit?

Just like other expenses, salaries expense is a debit and not a credit, this is because it reduces the assets of a company and increases its liabilities. When employers pay their employees salaries, it is recorded as a debit to the salaries expense account and a credit to the cash account.

Is salaries expense an asset?

Explanation: Salary Expense is classified as an expense. Expenses are reported in the income statement as deduction from total revenues to compute the net income for the period.

Is increase in salaries expense debit or credit?

As noted earlier, expenses are almost always debited, so we debit Wages Expense, increasing its account balance.

What type of account is salaries expense?

Salaries Expense will usually be an operating expense (as opposed to a nonoperating expense). Depending on the function performed by the salaried employee, Salaries Expense could be classified as an administrative expense or as a selling expense.