Answer Posted / vaibhav saxena
Direct Expenses are those costs directly related to the
principal activity of the business. Examples include the
raw materials used to manufacture a product and the labor
costs associated with the work performed to produce the
product.
Indirect Expenses are those not directly related to the
principal activity of the business. Examples include Sales
activities, Research and Development activities, and
Administrative activities.
Simple example: An auto repair business.
Is This Answer Correct ? | 19 Yes | 0 No |
Post New Answer View All Answers
How do you build a successful business relationship?
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?
How to prepare in yearly turnover?
what s account
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
How do you handle rejection?
is we can prepare any account for partnership in tally
Revenue Expenditure
What is "deposit in transit"?
Explain dual aspect term in accounting?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
What is journalizing? What are the columns of a journal?
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?