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What is the difference between Direct expenses and Indirect
expenses?
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Answer Posted / pankaj kumar singh
is the trade license expenses is direct expenses or in
direct expenses
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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it
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