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.
Note especially that expenses appear in two contexts: 1  Firstly, expense as a concept in financial accounting. In this context, expenses are especially prominent on the Income statement. 2  Secondly, expense as a concept in budgeting. Budgets exist primarily to plan, manage and control expense spending.