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Is there any difference between revenue and expenditure in a freight forwarding business?
Yes, there is a significant difference between revenue and expenditure in a freight forwarding business. Revenue refers to the income generated from services provided, such as shipping and logistics fees charged to customers. In contrast, expenditure encompasses the costs incurred in operating the business, including transportation fees, labor expenses, and overhead costs. Understanding this distinction is crucial for assessing the financial health and profitability of the business.
Where do you put billed customers for fees earned on accounting equation?
Accounts Receivable and Capital
Carrying cost of accounts receivable?
Accounts Receivable Carry Cost considers cost factors such as cost of capital, bad debt, legal and collection fees, fees, credit card fees, discounts and service charges to evaluate the effectiveness of Accounts Receivable management provided
What are the expenditure to be booked under charged expenditure?
Charged expenditure refers to costs that are directly allocated to a specific account or project rather than being absorbed into general overheads. This typically includes direct costs such as salaries for project-specific personnel, materials used in a project, and any services directly related to the project. Additionally, it can encompass expenses related to travel, equipment rentals, and subcontractor fees that are explicitly tied to the project’s execution. Properly categorizing these expenditures ensures accurate budgeting and financial reporting.
What is the journal entry to offset cost of issuing common stock legal fees against the common equity account?
debit share capital accountcredit legal fee expenses
What is consumption expenditure?
the expenditure by households on consumption goods and services. eg, housing fees and transpotation.
Is payment of wages to employees capital or revenue expenditure?
Payment of wages is classified as a normal running cost of a business, so is stated under revenue expenditure. I got really confused with this one aswell. Anything that is paid regularly and is not a fixed asset or any costs associated with a fixed asset, is capital e.g machinery, improvement, legal fees, delivery. Therefore wages is revenue expenditure, hope this helps.
What has the author Steven J Ingels written?
Steven J. Ingels has written: 'Evaluation of item nonresponse in the National Medical Care Utilization and Expenditure Survey' -- subject(s): Evaluation, Fees and Charges, Fees, Medical, Hospitals, Length of stay, Medical care surveys, Medical fees, National Medical Care Utilization and Expenditure Survey (U.S.), Response rate, Statistics, Utilization
Why does capital one charge interest fees?
Capital One charges interest fees when the balance on the credit card is not paid in full each month. The user will cease to pay interest fees when the balance on the credit card reaches zero.
Is there any difference between revenue and expenditure in a freight forwarding business?
Yes, there is a significant difference between revenue and expenditure in a freight forwarding business. Revenue refers to the income generated from services provided, such as shipping and logistics fees charged to customers. In contrast, expenditure encompasses the costs incurred in operating the business, including transportation fees, labor expenses, and overhead costs. Understanding this distinction is crucial for assessing the financial health and profitability of the business.
Does capital one have monthly fees?
This question is pretty vague. It depends on if you're talking about a checking account, credit card, savings account, etc. Generally, Capital One does not charge fees for checking accounts, some of their credit cards have yearly fees, and most of their savings accounts do not carry monthly fees.
What fees do ETFs typically have?
ETFs typically have fees such as management fees, operating expenses, and trading costs. These fees can vary depending on the specific ETF and can impact the overall return on investment.
Why do people call capital recovery fees a private transfer tax when it is not a tax?
There are entities that oppose capital recovery fees, probably because they do not understand what they are. Hence, they call them "private transfer taxes", when it is nothing of the sort.
What are impact fees?
These are government levies for extended infrastructure costs
Can you deduct attorney fees you paid in a criminal case?
yes,attorney fees is valid expenditure , so you can deduct amount paid as fees. there must be valid receipt signed by attorney.In practical life attorney charges very big amount,but they don't give receipt of entire amount.
What type of account is Fees Earned?
It is under capital which is the account type of Owner's Equity. Fees Earned is under the title Revenue when expanding the ledger.
How do mutual funds obtain capital besides investors investments and charging investors fees?
There are no other ways for mutual funds to obtain capital
