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What are expenses that are not easily associated with a specific department and which are incurred for the benefit of more than one department?
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∙ 12y ago
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∙ 12y ago
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What is the meaning of revenue expenses in financial accounting?
Revenue expenses are those expenses which are incurred for every fiscal year to earn revenue for specific fiscal year and are recurring nature like salaries etc.
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 are the sundry expenses?
Sundry expenses means many of small business day to day expenses which cannot be put into specific expense head.
WHAT IS A FINANCIAL STATEMENT THAT SUMMARIZES THE REVENUE AND EXPENSES FOR SPECIFIC PERIOD?
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What is a bugdet?
A budget is an amount of money allocated to a specific task, department or item. In example, the marketing budget for the first quarter of the financial year is $500,000. The actual marketing cost for the first quarter of the financial year was $450,000; therefore when comparing the budget to the actual cost, you find that the marketing department operated at $50,000 favourable for the first quarter. Budgets allocate money, but in comparison to the actual costs incurred, they can also be used as a monitoring and measuring tool for effectiveness and efficiency of the department.
What is the difference between particular charges and sue and labor?
Particular charges refer to expenses incurred during a voyage specific to a ship or cargo, while sue and labor expenses are incurred to mitigate or prevent further damage to the insured property. Sue and labor expenses are incurred to protect the interests of the insured under their insurance policy, whereas particular charges are costs directly related to the specific voyage.
What is the meaning of revenue expenses in financial accounting?
Revenue expenses are those expenses which are incurred for every fiscal year to earn revenue for specific fiscal year and are recurring nature like salaries etc.
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 are travel allowances?
A travel allowance is a payment made to an employee to cover expenses that are: incurred when your employee travelsaway from their home in the course of their duties. for accommodation, food, drink or incidental expenses related to the travel.sridivyadecorator.com
Are Off site costs capitalized?
Off-site costs are typically capitalized when they directly contribute to the acquisition, construction, or improvement of an asset, and when they meet specific criteria such as adding value to the asset or extending its useful life. However, expenses incurred for routine maintenance or day-to-day operations are usually expensed as incurred.
Where does advertising expense go on a income statemnet?
Advertising expense typically appears as a separate line item under the "Selling, General, and Administrative Expenses" (SG&A) section on an income statement. It represents the costs incurred by a company to promote its products or services to customers. The specific placement may vary slightly depending on the accounting practices followed by the company.
What are the sundry expenses?
Sundry expenses means many of small business day to day expenses which cannot be put into specific expense head.
What goes on a income statement?
income statement includes expenses and incomes related to that specific single fiscal year for which that income statement is prepared. It is to clarify that only income and expenses related to that specific period is included and not for any other fiscal year.
Who won the Oscar for Sound in 1930?
Paramount Publix Studio Sound Department[NOTE: This award was not associated with any specific film title.] won the Oscar for Sound in 1930.
Who won the Oscar for Sound in 1931?
Paramount Publix Studio Sound Department[NOTE: This award was not associated with any specific film title.] won the Oscar for Sound in 1931.
What are sundry expenses?
Any expence that does not fall into a specific category
Define maintenance and other operating expenses?
Operating Expenses are expenses that are incurred while running a business. Maintenance Expense could be considered anything from the cost of maintaining a company vehicle to repairs made on a building or some other type of "maintenance" that is require by the business in order to function at 100%. Many expenses have their own account such as, Utilities Expense, Rent Expense, Insurance Expense, Interest Expense, Supply Expense, just to name a few. Other expense may not have a specific account in which to be recorded, such as Travel Expense, Food Expense (perhaps to entertain a possible client), these expense are often listed under "Other Expenses".
