Is electricity charges are direct or indirect expenses
Answer Posted / saroj_surendran@rediffmail.com
Direct expenses are the expenses taken into consideration to calculate gross profit ,Direct expenses are the expenses which is incurred directly related to manufacturing or trading,
eg raw material , company will know how much raw material is used for producing one unit
while indirect expenses are indirectly related expenses e
eg rent , electricity
they cannot be directly related to product , they need to be apportioned
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
what is basic general accounting.
Have you ever made mis reports and what are they?
what's the difference between impress cash account and petty cash account
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
What is balance sheet and off balance sheet?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Differentiate between consignor and consignee?
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
What is Prepaid Entry
Differentiate accounting and auditing?
What is the rate of penalty charged when the given Vat Cheque dishonoured?
Explain what is bank reconciliation?
What is meant by calendar maintenance?
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
Explain me what do you think is bank reconciliation statement?