answersLogoWhite

0

What else can I help you with?

Related Questions

Is purchases differ from expences?

purchases is related to products expenses are recuring in nature , direct exp are related to products and indirect exp are not related to products


Do purchases go on an income statement?

No, purchases do not go on an income statement. The income statement only includes revenues and expenses directly related to the operation of the business. Purchases are recorded on the balance sheet as an increase in inventory or as an expense when the inventory is sold.


Is work expenses direct or not?

yes , work expenses are direct


Is cost of goods a purchase?

In trading business normally cost of goods sold includes purchases but in manufacturing business cost of goods sold is more than just purchases and included all direct expenses to make products.


Are purchases expenses or costs?

Purchases are costs until those purchases are converted into sellable goods and actually sold for revenue.


What is direct expenses and indirect expenses?

what is direct and indirect expense


Is direct labor and direct material having any link with direct expenses?

Both direct labor and direct material are part of direct expenses incurred by company to manufactured goods or providing services and both have direct relations with direct expenses it means as much as direct material and direct labor as much the direct expenses which is total of both of them.


List of direct expenses?

Some direct expenses include direct labor and materials. Companies try to reduce the cost of direct expenses because they impact the cost of the product.


The amount of the purchases for a period is presented in the expenses section of the income statement?

The amount of the purchases for a period is presented in


What account head can be used in tally for expenses of leather bags purchase?

In Tally, the expenses related to the purchase of leather bags can be recorded under the account head "Purchases" or "Inventory Purchases" if the bags are intended for resale. If the bags are for direct use or consumption, you may categorize it under "Office Supplies" or "Miscellaneous Expenses." Ensure to create a specific ledger if you want to track this expense separately for better financial analysis.


How do you determine the amount of net purchases?

by listing all the expenses


What is prime expense?

Prime Cost(Expenses) = Direct Material + Direct Labour