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what is the definition of direct expenses?
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Answer / madhu.p
ANY EXPENDITURE INCURED FOR PRODUCTION IS CALLED DIRECT
EXPENTURE & IT SHOWS DEBIT SIDE OF TRADING ACCOUNT
FOR EXAMPLE
RAW MATERIAL PURCHASED
CARRIAGE INWARDS
PRODUCTION EXPENSES- OCTROI , FUEL , ELECTRICITY ETC
| Is This Answer Correct ? | 17 Yes | 0 No |
Answer / anchit saxena
Direct expenses are those expenses which can be
conveniently identified with n directly allocated to a
particular cost centre or cost unit.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / aman nagpal
DIRECT EXPENSES ARE THOSE EXPENSES WHEN PARTY PURCHASE A
GOODS AND PAID CARTAGE THATS CALLED DIRECT EXPENSES.
| Is This Answer Correct ? | 0 Yes | 0 No |
Direct expences are those expenses which are related direct
of the companies profit or direct related to the cost of
good in manufacturing unit. Salary and office expences are
not a direct expences.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / t.srilatha
Expenses incurred to purchase goods and bring than to the go down or to the produce a product.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / chandana
when we expend salary to the ofice staff is called direct
expenses
| Is This Answer Correct ? | 7 Yes | 11 No |
Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem
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