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The term used to describe the excess of gross profit over direct expense is?
Wiki User
∙ 9y ago
The term used to describe the excess of gross profit over direct expense is gross margin. This is the percentage by which the profits exceedÊthe production costs.Ê
Wiki User
∙ 9y ago
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What is wages inward and outward?
wage inward is a direct expense shown in Trading Account whereas wage outward is an indirect nature of expense debited to Profit & loss account.
How does prepaid expense and accrued expense affect the profit of a business?
it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.
Is operating expense on Profit and Loss?
Operating expense is a loss, but is used in calculating overall profit.
What does the word profit?
Profit is an excess of returns over outlay.
Is Adams and associates job corps profit or non profit?
They profit off the government at the expense of the disadvantaged.
What is the synonyms for profit?
Gain, surplus, excess are all synonyms for profit
What statement have selling expense?
Profit and Loss Statement
What is the formula of income statement?
Profit = income - expense
What is a synonym of Value?
price, cost, expense, profit
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
What is it called when you have more expense than profit?
It's not called anything. If by profit you mean revenues. Then it is called a loss.
Does customs duty come under direct expense?
I was look for the answer to this very same question! And I found it: "Customs duty comes in two types: Import Duty & Export Duty. Duty paid on goods imported from Abroad is known as Import Duty and is debited to the Trading A/c but Duty paid on goods exported expense connected with sales, is debited to profit and loss account, so import duty on goods purchased from abroad is a direct expense and export duty on goods sold is indirect expense."
