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payroll, sales commissions, employee benefits and pension contributions, transportation and travel, amortization and depreciation, rent, repairs, and taxes are included in an expenses.
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What expenses are included in selling and distribution expenses?
sales commission
What is included in sundry expenses?
Sundry expenses are the expenses of small amount and it is not possible to maintain there detail
When should be the cost of product warranty included as an expense?
Just as with any other cost of doing business, When the expense is incurred in the course of production or service then those costs should be included in expenses.
Formula for operating income?
Operating income is equal to total revenues minus cost of goods sold, labor, and general expenses. Operating income is called Earnings Before Interest and Taxes. What is not included in expenses to be calculated in operating income is one time expenses, legal settlements, or adjustments.
What are the list of nominal accounts?
all expenses are included in the nominal a/c. illustration :- commission, discount,consignment a/c rent , salary etc.
What expenses are included in selling and distribution expenses?
sales commission
What is included in sundry expenses?
Sundry expenses are the expenses of small amount and it is not possible to maintain there detail
What amounts are not included in gross margins?
Operating expenses.
Are education expenses included for tax return?
yep.
Is advertising charges are included in the selling price?
No advertisement expenses are not included in selling price because selling expenses are not part of product cost rather these are period cost.
Is stationery expenses are included in administrative expenses?
Yes it is part of administrative expneses because most of stationary is utilized in administration department.
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.
What come under administration expenses in financial statements?
All administration related items included in it like administration staff salaries and other day to day expenses.
Can preliminary expenses be included in deferred revenue expenditure?
yes it is a part of deffered revenue exp
What is the difference between selling expenses and general expenses?
Selling expenses are those expenses which incurred to selling of services and goods for example market research, sales man salary, and advertising. And other hand general expenses are those expenses which incurred general base in production for example interest charge, services charges, wages and rent are included.
What kind of insurance is CAA travel insurance?
CAA travel insurance is coverage for unexpected expenses incurred while one is traveling. Expenses such as medical, accident, baggage and rental car costs can be included.
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.
