Catalysts increase the rate of reaction. 1  Catalysts are not consumed by the reaction. 2  A small quantity of catalyst should be able to affect the rate of reaction for a large amount of reactant. 3  Catalysts do not change the equilibrium constant for the reaction.
The definition and application of 'expenses' in accounting - Foundation level. An expense in accounting is the money spent or cost incurred in an entity's efforts to. generate revenue. Expenses represent the cost of doing business where doing. business is the sum total of the activities directed towards making a profit. 'Expenses' in accounting. Background to 'expenses' in accounting.
Expenses and liabilities in the payroll journal entry offset one another. The amount in the expense account is your total payroll amount for the pay period. The amount in each liability account tells you either the amount deducted from your employees' pay or the amount you owe and to whom you must send the money.ost payroll deductions are liabilities because you owe the money you subtract from your employees' gross pay to a third party. Common types of deductions are tax withholdings and benefit deductions.