Internet Expense
Code: 5233
👁 Views: 115
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Internet and communication expense
Note: This account may be broken down into sub-ledgers as needed (e.g., customer/supplier/bank names or branches).
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 1
Presentation of Financial Statements
US GAAP
ASC 340
Other Assets and Deferred Costs
❓ Frequently Asked Questions
Q: How is internet expense recorded?
A: Dr. Internet Expense, Cr. Bank or Accounts Payable.