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What is meant by selling expenses?

Selling Expenses are the expenses directly related to producing sales. Typical Selling Expenses would be Advertising and Salesman's Commissions.


Where does petrol expenses come in profit and lost account?

Petrol expenses are recorded in the profit and loss account under the category of operating expenses or cost of goods sold (COGS), depending on their nature. If petrol is used directly in the production of goods, it may be classified under COGS. Otherwise, it is typically listed as a selling, general, and administrative expense (SG&A). Proper categorization helps in accurately assessing the company's profitability.


What is the difference between miscellaneous expense and other expenses?

Miscellaneous expenses means small sundry expenses of business while other expenses means expenses which are not directly related to the primary operations of business.


Is machine repair a product cost?

No, machine repair is generally not considered a product cost; it is classified as a period cost. Product costs are expenses directly associated with the manufacturing of goods, such as materials and labor. Machine repair costs are typically categorized as maintenance expenses and are charged to the income statement in the period incurred rather than being allocated to specific products.


What is secondary expenses?

Secondary expenses refer to additional costs that arise as a consequence of primary expenses or activities. These can include indirect costs such as maintenance, utilities, or administrative expenses that support the main operations but are not directly tied to the production of goods or services. Understanding secondary expenses is essential for accurate budgeting and financial analysis, as they can significantly impact overall profitability.

Related Questions

Could I get some Doctor Who merchandise on the cheap?

You can find Doctor Who merchandise on shopping websites such as eBay. You can also go directly to the Doctor Who website to find merchandise for sale.


What is meant by selling expenses?

Selling Expenses are the expenses directly related to producing sales. Typical Selling Expenses would be Advertising and Salesman's Commissions.


How does one purchase phones4you merchandise online?

It is very easy to purchase phones4you merchandise online. You can purchase merchandise directly through the company's website or you can go to second hand websites like ebay.


Where does petrol expenses come in profit and lost account?

Petrol expenses are recorded in the profit and loss account under the category of operating expenses or cost of goods sold (COGS), depending on their nature. If petrol is used directly in the production of goods, it may be classified under COGS. Otherwise, it is typically listed as a selling, general, and administrative expense (SG&A). Proper categorization helps in accurately assessing the company's profitability.


CAN i deduct travel expenses for medical appointments?

Certain expenses are deductible as an itemized deduction and classified as medical expenses. These include: 1. Lodging for overnight stays directly related to medical care, up to $50 per night. 2. Taxi rides to doctors offices. 3. Actual fuel costs of transportation, or alternatively you may use a standard mileage rate of 20 cents per mile in 2007 plus tolls and parking costs. They should be claimed on Schedule A under medical expenses and are subject to the same limitations as other medical expenses.


What is end to end connection?

End to end connection is when two machines are not directly connected.


What is the difference between miscellaneous expense and other expenses?

Miscellaneous expenses means small sundry expenses of business while other expenses means expenses which are not directly related to the primary operations of business.


What is the difference between direct expenses and indirerect expenses?

Direct expenses are those which has direct influence in production for example labor. material, and which cost is directly included in cost of goods sold. But indirect cost is not directly included in cost of goods sold.It treat as a FOH, for example nuts, gum etc.


Under English common law one directly invlolved in the commission of a felony was classified as.?

Under English common law, an individual directly involved in the commission of a felony was classified as a principal offender.


Can you write off private school tuition for my children?

You can only write off post secondary school expenses that are contributed directly to education expenses.


Is the pineal gland classified as an endocrine gland?

Yes, the pineal gland is classified as an endocrine gland because it secretes hormones directly into the bloodstream.


How do you order Home Depot merchandise?

You can order directly from Home Depot, by going into one of their stores. You can also order merchandise through your home computer, just by going online and placing an order with a credit card.