0
It looks like some other answers say yes. However, a large number of corporations use a percentage of sales as their basis for advertising. Usually they plan to spend something like 3% of sales on advertizing. Thus, for such corporations, it varies with sales.
(I have never figured out how they do it. They plan to spend 3% on advertising for Christmas. They must spend it before people purchase for Christmas. How do they know what that 3% will be? Please do not ask me because I do not know.)
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
At what account does purchase account comes?
expenses a/c
Can you use flexible spending account and claim medical expenses?
Yes but you can NOT deduct the medical expenses that are paid for from your FSA account.
What is the Utility expenses incurred but not paid adjusting entry?
This is adjusting entry for Accrued Expenses in the current accounting period, where you debit adjusting entry on expenses (Utility Expenses) account and credit adjusting entry on liabilities (Utilities Payable) account.
Why does expense account require a debit entry to increase equity?
A debit to an equity account, or in this case an expense account, will increase the expense account. An increase to this account means the more expenses you have. The more expenses mean the less money you earn and therefore you make less money in your income statement because revenues - expenses = income
What account do you credit when you debit operating expenses?
DR Operational Expenses CR Accounts Payable
What account would a newspaper advertisement for 300 fall under when doing journal entries?
Debit advertisement expenses 300Credit cash / bank 300
What is the advertisement expenses of MTR?
it is making sexual contact with an woman
Is advertising on the income statement?
if advertisement expenses paid already and benefit is also taken already then it is an expense for business and all expenses comes in income statement.
Preparing departmental trading and profit and loss account?
When preparing departmental trading and a profit and loss account, expenses must be taken into account first. These include departmental expenses, and common expenses, including administrative expenses.
What account head can be used for petrol expenses?
Direct expenses
At what account does purchase account comes?
expenses a/c
What does indirect expenses mean?
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.
Is Prepaid expenses considered a nominal account?
Yes, prepaid expenses should be a nominal account. Prepaid expenses are not assigned to a particular organization, but rather a category.
What account head can be used in tally for expenses of Pizza?
direct expenses
Can you use flexible spending account and claim medical expenses?
Yes but you can NOT deduct the medical expenses that are paid for from your FSA account.
Can advertisement reduce company income tax?
Yes, you can claim advertising expenses on your schedule C
What are the expenses that come in indirect expenses?
The expenses those come in the debit side of the Profit & Loss Account of the Company are all indirect expenses.
