Expenses incurred but not yet paid or recorded are called accrued expenses.
2 answers
Selling Expenses
1 answer
Incurred Expenses also sometimes known as Accrued Expenses are expenses that a company incurs but has not yet paid. Unless the company in question uses Cash Basis Accounting, the transaction should be recorded immediately as a debit to the appropriate expense account and a credit to the appropriate payable account.
It is an "unrecognized" expense until it is recorded, not necessarily paid.
1 answer
Typical expenses incurred by a restaurant are, Labor, Food & beverage, paper products, dishware, cookware, utinsels, cleaning products, repair and maintenance, courier charges, advertising and marketing, legal counsel (for when customers sue you), and utilities.
1 answer
An accrual.
1 answer
Expenses that are not affected by sales volumes are called fixed costs. These costs remain constant regardless of the number of units produced or number of units sold. An example would be the lease on a building. Sales volume may fluctuate but lease payments typically remain constant (as outlined by the lease agreement).
1 answer
matching principle
2 answers
the expenses which will be not regular like penalty, miscellaneous expenses
1 answer
There are many expenses of being a lawyer. These can be monetary expenses as well as emotional expenses of the profession.
1 answer
when we use laundry and cleaning expenses,meals and entertainment expenses,office expenses,pantry items expenses,travelling expenses etc.. what are the expenses will come each cotogories
1 answer
Variable expenses are those expenses which vary according to production level while fixed expenses are those expenses which have no effect of production level and remain same.
1 answer
it is Administative Expenses And Indirect Expenses
1 answer
Unrecoverable expenses are out of pocket expenses that you cannot obtain reimbursement on
1 answer
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
1 answer
estimated expenses are expenses that are not actual or real. it may be more than or less than the ctual expenses
1 answer
Indirect Expenses are those expenses which are incurred after the manufacturing process is over, e.g. selling and distribution expenses, all the administrative expenses, carraige outward, advertisement expenses because they are related indirectlt with the product manufacturing and sales.
2 answers
Functional expenses are expenses grouped together according to the
purpose for which the expense occurred. Some examples of this would
be administrative expenses, program expenses, or cost of goods.
1 answer
chart where you have all the codes for expenses chart where you have all the codes for expenses chart where you have all the codes for expenses chart where you have all the codes for expenses chart where you have all the codes for expenses chart where you have all the codes for expenses
1 answer
Out of pocket expenses are business expenses for which the individual who accrues these expenses is not reimbursed by the company they are employed by or from the business itself if they are the business owner.
1 answer
The expenses those come in the debit side of the Profit & Loss Account of the Company are all indirect expenses.
1 answer
Expenses are those amounts the benefit of which is already taken by business while prepaid expenses are advance payments for those expenses which company will incur in future.
1 answer
Miscellaneous expenses means small sundry expenses of business while other expenses means expenses which are not directly related to the primary operations of business.
2 answers
some expenses include applicaton fees and traveling expenses.
1 answer
Sundry expenses are the expenses of small amount and it is not possible to maintain there detail
1 answer
Selling Expenses are the expenses directly related to producing sales. Typical Selling Expenses would be Advertising and Salesman's Commissions.
1 answer
Figure out your income,List your expenses,Categorize your expenses,Determine if expenses are below income, and Reduce expenses in flexible categoris if nessecary.
1 answer
Example of periodic expenses are; Car insurance premium,property taxes, holiday expenses, expenses on certain seasonal activities.
1 answer
20.0 or .20
1 answer
Figure out your income,List your expenses,Categorize your expenses,Determine if expenses are below income, and Reduce expenses in flexible categoris if nessecary.
1 answer
OH Expenses are overhead expenses for a business - such as rent, payroll, telephone etc.
1 answer
expenses/gross
Just divide expenses into gross.
1 answer
[Debit] Accrued traveling expenses
[Credit] Accrued expenses payable
1 answer
Utility expenses are recorded in the expenses section of an income statement
1 answer
Ideal expenses are those expenses that are theoretical estimated when one is preparing the feasibility report.
1 answer