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What else can I help you with?
What services does collegeboard offer to students?
There are a few different services to students, most of which involve helping student with expenses of college life. They help with living expenses, tuition, books and other common expenses for student if they are accepted.
What is the difference between selling expenses and general expenses?
Selling expenses are those expenses which incurred to selling of services and goods for example market research, sales man salary, and advertising. And other hand general expenses are those expenses which incurred general base in production for example interest charge, services charges, wages and rent are included.
The costs of goods and services used in the process of earning revenues are called?
A business or company has expenses. Expenses include the costs of goods and services that are used in the process of earning revenues.
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.
What is unearned expenses?
Unearned expenses, often referred to as prepaid expenses, are payments made in advance for goods or services that will be received in the future. These expenses are recorded as assets on the balance sheet until the goods or services are actually consumed or utilized. Once the benefit is realized, the expense is then recognized on the income statement. Examples include prepaid rent or insurance premiums.
How are services paid months in advance for services rendered recorded in a journal?
[Debit] Advance expenses [Credit] Cash / bank
What is direct expence?
Direct expenses are costs that can be directly attributed to the production of goods or services. These expenses include items such as raw materials, direct labor, and manufacturing supplies that are directly involved in the creation of a product. Unlike indirect expenses, which cannot be traced to specific products or services, direct expenses are essential for calculating the cost of goods sold and determining profitability.
what are regular expenses called?
Regular expenses are often referred to as fixed expenses. These are costs that remain consistent each month, such as rent or mortgage payments, utilities, insurance premiums, and subscription services. Unlike variable expenses, which can fluctuate, fixed expenses are predictable and typically easier to budget for.
Is a SC spouse responsible for her deceased husband's burial expenses?
Someone had to sign the authorization for services. That would include taking responsibility for the burial expenses.
Deferred expenses havenot been incurred and accrued expenses have been incurred?
Deferred expenses represent costs that have been paid in advance but not yet recognized as expenses, reflecting future benefits. In contrast, accrued expenses are costs that have been incurred but not yet paid, representing obligations to settle in the future. Essentially, deferred expenses are about prepayments for future services, while accrued expenses are liabilities for services already rendered. Both play crucial roles in accurately reflecting a company's financial position in accordance with the accrual basis of accounting.
What does the contribution income statement hightlights?
Contribution income statement highlights the variable expenses as well fixed expenses incurred by company for selling goods or services.
How does one accurately track business expenses?
You can accurately track business expenses by using software and services such as QuickBooks online. Alternatively, you can use software such as Quicken.
