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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.
What is unrecoverable expenses?
Unrecoverable expenses are out of pocket expenses that you cannot obtain reimbursement on
Is preliminary expenses is a administrative expenses or selling expenses?
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
What are statutory expenses?
statutory expenses
What is a real world representation of a math expression?
A real-world representation of a math expression can be illustrated through budgeting. For example, if a person has a monthly income of $3000 and spends $2000 on expenses, the expression "Income - Expenses" can be represented as "3000 - 2000". This shows how much money remains after expenses, helping the individual understand their financial situation.
What is a true statement about vouchers?
A voucher must be an accurate representation of a trips itinerary, expenses, and daily allowances.
What statement about vouchers is true?
A voucher must be an accurate representation of a trips itinerary, expenses, and daily allowances.
what is a true statement about travel vouchers?
A voucher must be an accurate representation of a trips itinerary, expenses, and daily allowances.
What are true statements about vouchers?
A voucher must be an accurate representation of a trip's itinerary, expenses, and daily allowances.
What is the importance of the matching principle in accounting and how does it ensure that expenses are properly aligned with the revenues they generate?
The matching principle in accounting is important because it ensures that expenses are recorded in the same period as the revenues they help generate. This principle helps provide a more accurate representation of a company's financial performance by aligning expenses with the revenues they contribute to, giving a clearer picture of profitability.
What was the purpose of the other deductions made on the financial statement?
The purpose of other deductions on a financial statement is to account for expenses or losses that do not fall under specific categories like operating expenses or taxes. These deductions help provide a more accurate representation of a company's financial health by accounting for all relevant costs and losses.
What does the pie chart reveal about our spending habits?
The pie chart shows how we allocate our money among different categories of expenses. It provides a visual representation of our spending habits, highlighting where the majority of our money is being spent.
What are the two types of expenses?
fixed expenses and variable expenses
What is the noun for representation?
representation IS a noun
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
