Interested to Buy Any Domain ? << Click Here >> for more details...
Paid Transportation Which type of expenses these expenses
- 2 Answers
- 4213 Views
- I also Faced
- E-Mail Answers
Answer Posted / safayat
Well, if u have paid transportation for carriage inward, i.e
for carrying materials to ur factory then it is a direct
expense. And if the transportation was paid for carriage
outward, i.e for delivering goods for selling purpose then
it is an indirect expense. A direct expense increases the
cost of goods sold.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
what is ment by suspence account and dummy account
WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
What is a business transaction in accounting?
In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.
how many types of currencies are there in oracle r12
what single discount is to2 successive discount of 10%& 15%
What is Prepaid Entry
