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Create a list of all your personal expenses made during the month and calculate the total expenses?
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Does the executor's fee include personal expenses and personal labor incurred during the administration of the estate or should this be billed separately to the estate?
The executor's fee is compensation for the work done. It is often calculated as an hourly rate, plus appropriate expenses (mileage, phone calls, etc.). In some places it is capped by law to a certain percentage of the estate's value.
If accounts payable have increased during a period will the expenses on an accural basis be less than expenses on a cash basis?
expenses on an accrual basis are greater than expenses on a cash basis
Difference between outstanding expenses and prepaid expenses?
Outstanding expenses are the expenses which have fallen due at the end of the accounting period but which has not been paid. Its a liability for the company and will be shown under the Current liabilities and provisions. Prepaid expenses are the expenses which paid during the year before its due. The money is paid out but its not due at the end of the period. Its an asset and will be shown under current Assets in the Balance sheet.
What is Accrued Sundry Exp?
Accrued expenses or accrued sundry expenses are those expenditure which are incurred during the specific time but the payment not to be paid with in that specific time that are called the accrued expenses or accrued sundary expenses. Accrued expenses are also called outstanding Expense.This will be the liablity of the owner and shown in the liablity side of the balance sheet.
What is revenue expenses report?
It is a listing of all revenue/expenses incurred by the business during a set period. It shows areas of growth and areas that are lagging within the business.
What does personal accident insurance cover?
Personal accident insurance covers the insurance in case of an accident during working hours and leisure time. Accident insurance varies based on the premium, but it usually covers the hospital expenses and additional expenses.
What application is best for creating a budget?
There are at least two ways.For example, if you work and have a regular income:Start with the maximum amount of money available in a period, then list the expenses that must be paid during the same period. Include savings and charity.If you have an irregular income, or if you have unlimited access to funds:List your fixed expenses and your variable expenses and calculate how much you need during a period.
Does the executor's fee include personal expenses and personal labor incurred during the administration of the estate or should this be billed separately to the estate?
The executor's fee is compensation for the work done. It is often calculated as an hourly rate, plus appropriate expenses (mileage, phone calls, etc.). In some places it is capped by law to a certain percentage of the estate's value.
What is a accrued expense?
Accrued expenses arethe expenses which are not yet paid during the financial year for the services rendered during the financial year.
If accounts payable have increased during a period will the expenses on an accural basis be less than expenses on a cash basis?
expenses on an accrual basis are greater than expenses on a cash basis
What is meant by Donor Expenses?
Donor Expenses are expenses incurred by the donor for donating an organ (excluding the cost of the organ) to the insured during the course of an organ transplant all the hospitalization expenses are paid by the insurance company.
Are living expenses covered by homeowners insurance during an evacuation?
yes
Lease rent paid during construction - capitalize or expense?
expenses
How do you calculate closing stock for a shop?
To calculate the closing stock for a shop, you need to consider the beginning inventory, purchases made during the period, and sales made during the period. The closing stock is calculated by adding the beginning inventory and purchases made during the period, and then subtracting the sales made during the period. The remaining balance is the closing stock.
What were some major military expenses during the revolutionary war?
Feeding the men
What is a revenue expenses report?
A revenue expenses report is a listing of all expenses an organization incurred during a specified period, usually a month, quarter, or a year. One example of n expense is rent, utilities, etc.
Difference between outstanding expenses and prepaid expenses?
Outstanding expenses are the expenses which have fallen due at the end of the accounting period but which has not been paid. Its a liability for the company and will be shown under the Current liabilities and provisions. Prepaid expenses are the expenses which paid during the year before its due. The money is paid out but its not due at the end of the period. Its an asset and will be shown under current Assets in the Balance sheet.
