exists and is an alternate of . Liabilities are debts owed to an outside party (creditor) such as a bank loan, a truck note, etc. Expenses are the cost of operating the business and affect the net income. Expenses include things such as utilities, supplies, insurance, rent, etc. While liabilities are listed on the balance sheet, expenses are not. Also, Liabilities decrease Owners Equity (Stockholders Equity) while Expense decrease Net Income. Liabilities are debts owed to an outside party (creditor) such as a bank loan, a truck note, etc. <br /><br /> Expenses are the cost of operating the business and affect the net income.
The law basically requires covered landlords to change or re-key the locks when a tenant moves out and before a new tenant moves in. There is an exception when the tenant, by way of lease, has obtained the right to change or re-key the dwelling unit.
Tweet. Comments (15). Losing a set of keys, moving into a new home, going through a divorce or simply realizing that too many copies of your house keys are in circulation can prompt the need to change the entry locks on your home. You can have the lock cylinders reset to use a new key, or you can replace all the locks. (The cost per lock will depend on the type of lock and the prevailing rates in your area.) For a typical home with four locks it can run anywhere from $60-$200, and costs can be even higher if the work is done off-hours, in the evening or on a weekend.