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Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
What is the difference between direct expense and indirect expense in financial account?
give the full chart of the direct and indirect expenses . detail about this
What is the difference between general and administrative expense and overhead expense?
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
Difference between outstanding expenses and unexpired expenses?
Outstanding expnese is that expense which is already incurred but amount is not paid while unexpired expenses are those expenses for which payment is made in advance but actually expenses are not yet incurred.
What is the difference between loss and expences?
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
What is the difference between direct expense and indirect expense in financial account?
give the full chart of the direct and indirect expenses . detail about this
What is the difference between general and administrative expense and overhead expense?
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
Difference between outstanding expenses and unexpired expenses?
Outstanding expnese is that expense which is already incurred but amount is not paid while unexpired expenses are those expenses for which payment is made in advance but actually expenses are not yet incurred.
What is the difference between prepaid expense and advances?
Expenses already incurred but not necessarily for the current accounting period is prepaid expense. In the case of advance, the expenses even though identified, have not been incurred but only cash has been taken out for the purpose of incurring such expense.
What is the difference between loss and expences?
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
Is withdrawal considered a miscellaneous expense?
no
What is the difference amount of expense over income called when income exceeds expense?
Expenses more than income is called "Loss" Income over expenses called "Profit"
What does miscellaneous mean in business?
Generally it means things that do not fit into established categories. For example, in finance or accounting, a miscellaneous expense is one that cannot or is not convenient to be entered into categorized expense accounts and is thus entered into the miscellaneous expense account.
Difference between operating expense and direct expense?
Operating expense is the cost of running your day-to-day business. Operating expenses include rent, utilities, supplies, and insurance. Direct expense is an expense that varies with changes in the cost object. Direct expenses include materials needed to manufacture a product, freight charges to transport product, and taxes related to the sale of goods.
Is miscellaneous expense a fixed costs?
Miscellaneous expenses are generally considered variable costs rather than fixed costs, as they can fluctuate based on business activities and operational needs. Fixed costs remain constant regardless of production levels, such as rent or salaries. However, some businesses might allocate a portion of their miscellaneous expenses as fixed if they consistently incur similar amounts over time. Ultimately, the classification can depend on the specific context and nature of the expenses.
Is a miscellaneous expense a debit or a credit?
debit
