Is purchase itself a direct expense?

Answer Posted / bijender

It is not clear from your question the nature of transaction
i.e Raw Material,Packing or any other exp.If purchased mat
is used directly in manufacturing it will be treated as
direct Exp.

Is This Answer Correct ?    8 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured

2291


Explain me have you ever heard about tds, what it is?

633


WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

1542


I want to know the Payroll Accounting Questions

2222


How to pass the entry in tally for demolished of building?

2209






Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.

1684


when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions

1506


Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

1421


can we adjust margin money paid to bank to open a Bank Guarantee in stock statement while calculating Drawing Power

1308


Do you know what are trade bills?

964


Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax

1449


Explain me some of the examples for liability accounts?

624


purchase return liability or asset?should it be included in the balanced sheet?

1066


Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90

2044


Let me know the liability positions of Partners

1493