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What is the meaning of Freight.
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∙ 12y ago
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When does a trading account show a gross loss?
When there is more direct expenses then revenue earned by company then trading account will show gross loss.
What is direct expenses and indirect expenses?
what is direct and indirect expense
Is direct labor and direct material having any link with direct expenses?
Both direct labor and direct material are part of direct expenses incurred by company to manufactured goods or providing services and both have direct relations with direct expenses it means as much as direct material and direct labor as much the direct expenses which is total of both of them.
List of direct expenses?
Some direct expenses include direct labor and materials. Companies try to reduce the cost of direct expenses because they impact the cost of the product.
Is accounts payable same as expenses?
No
When does a trading account show a gross loss?
When there is more direct expenses then revenue earned by company then trading account will show gross loss.
Who are the basic records used before preparing trading profit and loss accounts and balance sheet?
Basic records needed for preparing trading profit loss accounts and balancesheep is a trial balance.. A trial balance is the closing balances of each and every account entered in our ledger. Trading account shows us Gross profit while profit and loss account shows us net profit and in the end balance sheet shows us the Assets and Liabilities at the end of the financial year.. all direct expenses shown on trading accounts and direct income like sales shown in trading account while indirect exp and indirect income shown in p & L ac
Is work expenses direct or not?
yes , work expenses are direct
What is direct expenses and indirect expenses?
what is direct and indirect expense
What is net trading?
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Is direct labor and direct material having any link with direct expenses?
Both direct labor and direct material are part of direct expenses incurred by company to manufactured goods or providing services and both have direct relations with direct expenses it means as much as direct material and direct labor as much the direct expenses which is total of both of them.
List of direct expenses?
Some direct expenses include direct labor and materials. Companies try to reduce the cost of direct expenses because they impact the cost of the product.
What is net trading assets?
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Is accounts payable same as expenses?
No
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 is prime expense?
Prime Cost(Expenses) = Direct Material + Direct Labour
What are online trading accounts used for?
Online trading accounts are accounts that are accessible online with access to money, so one can do their own stock trades or invest in investments. Keep in mind there are different types of accounts that allow different types of trading.
