Bank Routing Numbers. Bank Routing Numbers. Bank routing number or routing transit number (RTN) is a nine digit number used to identify financial institution in a transaction. Most common transaction types where routing numbers are used are ACH and wire transfers.
Expense Accounts. In financial accounting, expense is: The consumption of the business' own resources (assets). Examples: consumption of supplies, cash, materials inventory and deterioration of equipment etc. OR. The creation of a liability against the business when it consumes resources from outside.
The general entry to record an accrued expense is: [Various Titles] Expense (income statement expense account) [Various Titles] Payable (balance sheet liability account) To accrue expense. Examples of Accrued Expenses. Accrued expenses include the following: â¢Interest owed but not yet paid on borrowed funds.