WHAT IS THE DIFFERENCE BETWEEN THE BENEFITS OF DIRECT
EXPENSE AND INDIRECT EXPENSE
- 1 Answers
- 3320 Views
- I also Faced
- E-Mail Answers
Answer / libin kulamuttom
Expenses are the amount
incured for the benifit we received.for eg:(1)wages paid
(It is a direct exp here we got the services of the employe as benifit.That means direct exp gives the benifit from trading or manufacturing field.(2)office rent paid(it is an indirect exp. Here we can use th building as offices.That means benifit came from administrative field)
| Is This Answer Correct ? | 2 Yes | 0 No |
While closing books for the year end, We had Closing stock which is inclusive of VAT(i.e Cost price + VAT), What is the treatment of this Closing Stock in the P&L and BS , is Closing Stock Shown Inclusive of VAT (ie. Cost price +VAT) or, without VAT (ie. Cost Price)
what is an accured account ?
If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The Entry And In which Ledger It Entered? Is It Necessanry To Make 2nd Entry? Plz Discribe All.
how to finalised the Balance sheet & profit & loss A/C
HOW TO POST THE GENERAL ENTRY OF DEPRECIATION ON FURNITURE IN ACCOUNTING SOFTWARE FOCUS
Explain accounting 101?
what is midcap share?
withdrew cash for domestic use ?
what is Inward & outward remittances
why profit is a liability and loss is an asset?
In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?
When tds is deducted from the payments to suppliers, how the Entry will appear in books of accounts in tally.
Audit 
