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These costs include the initial costs in establishing the business (e.g. rent, insurance and stock), capital costs (e.g. equipment, plant and machinery) and operating costs (the cost of operating the business until income is sufficient to cover the costs of the business).when you save the money your future will be bright...
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Where establishment expenses must placed in final account?
assets
What is journal entry for fluctuating fund system?
establishment of fund: petty cash fund xx cash in bank xx payment of expenses out of the petty cash fund: expenses xx petty cash fund xx
What types of accounts have a debit balance?
All expenditure related head of accounts are debit balance accounts. Some of the examples are cost of purchases, establishment charges, administrative expenses etc.,
What are the two types of expenses?
fixed expenses and variable expenses
How are variable expenses different from fixed expenses?
Variable expenses are those expenses which vary according to production level while fixed expenses are those expenses which have no effect of production level and remain same.
Where establishment expenses must placed in final account?
assets
Does establishment expense needs to be capitalized?
Establishment expenses typically do not need to be capitalized as they are considered normal operating expenses that are incurred to start a business or set up operations. These expenses are usually expensed in the period in which they are incurred rather than being capitalized as an asset.
How establishment expenses treated in the financial statements?
Because its dangerous to human being Because of the pathogens group which your body will be vanished by the items of a certain establishment
What is journal entry for fluctuating fund system?
establishment of fund: petty cash fund xx cash in bank xx payment of expenses out of the petty cash fund: expenses xx petty cash fund xx
What types of accounts have a debit balance?
All expenditure related head of accounts are debit balance accounts. Some of the examples are cost of purchases, establishment charges, administrative expenses etc.,
What are the two types of expenses?
fixed expenses and variable expenses
How did the hundred years' war affect the countries involved?
The Hundred Years war was responsible for the establishment of strong central monarchies in France and England.
What are non factory expenses?
general and administrative expenses marketing expenses
What is irregular expenses?
the expenses which will be not regular like penalty, miscellaneous expenses
What are the expenses of being a lawyer?
There are many expenses of being a lawyer. These can be monetary expenses as well as emotional expenses of the profession.
Petty cash account details?
when we use laundry and cleaning expenses,meals and entertainment expenses,office expenses,pantry items expenses,travelling expenses etc.. what are the expenses will come each cotogories
How are variable expenses different from fixed expenses?
Variable expenses are those expenses which vary according to production level while fixed expenses are those expenses which have no effect of production level and remain same.
