0
How do you get production expense forms for food products accounting forms for free download?
Wiki User
∙ 14y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Describe how an accurral accounting deferent fom cash accounting?
Accrual accounting records an expense/revenue in the period the transaction occurs. Cash accounting recognizes and expense/revenue when cash is exchanged.
Is accounting fees a selling administrative expense?
Sales salaries and commission expenses, if paid for selling the products then it is selling expenses, while if salaries or commission is paid for administration work then it would be classified as administration expense like salary of operation manager etc.
In accounting do you depreciate the installation of a fixed asset?
In accounting the "installation" if you are referring to the cost of having something installed is an expense and is recorded as such, that is an operating expense and is recorded as such. Since it is an expense it is not an actual asset, so can not be depreciated.
What is to expense?
In accounting an expense activity requiring someone to spend money. For instance, paying employees is considered an expense to businesses.
What is the difference between prepaid expense and advance payment?
Prepaid expense is a payment which relevant to services which expected to delivered in the next accounting period, while advance expense is an expense paid in advance for services expected to delivered in the current accounting period.
In an accounting classification what does the EEIC represent?
Element of Expense/Investment CodeElement of Expense Identification Code
What is the accounting entry for Accrued Expense?
Dr. Accrued Expense Cr. Cash or Cash in bank
What is rent and rates as in accounting terms?
Rent in accounting terms refers to a recurring expense that you plan for. Rate refers more to something that results in a debit on expense, but a credit on payables.
What is discount allowed classified as in accounting?
It is classified as an expense to the trader.
How is fuel capture in accounting books?
fuel is a direct expense.direct expense is an expense which can be directly related with production.hence it is recorded as an direct expense in trading account.
What is example of a variable expense?
Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.
What is full accrual accounting?
Accrual accounting is a system which recognizes revenue or expense when it is earned or incurred but not when it is paid or received.
