what is the definition of direct expenses?
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Answer / madhu.p
ANY EXPENDITURE INCURED FOR PRODUCTION IS CALLED DIRECT
EXPENTURE & IT SHOWS DEBIT SIDE OF TRADING ACCOUNT
FOR EXAMPLE
RAW MATERIAL PURCHASED
CARRIAGE INWARDS
PRODUCTION EXPENSES- OCTROI , FUEL , ELECTRICITY ETC
| Is This Answer Correct ? | 17 Yes | 0 No |
Answer / anchit saxena
Direct expenses are those expenses which can be
conveniently identified with n directly allocated to a
particular cost centre or cost unit.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / aman nagpal
DIRECT EXPENSES ARE THOSE EXPENSES WHEN PARTY PURCHASE A
GOODS AND PAID CARTAGE THATS CALLED DIRECT EXPENSES.
| Is This Answer Correct ? | 0 Yes | 0 No |
Direct expences are those expenses which are related direct
of the companies profit or direct related to the cost of
good in manufacturing unit. Salary and office expences are
not a direct expences.
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Answer / t.srilatha
Expenses incurred to purchase goods and bring than to the go down or to the produce a product.
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Answer / chandana
when we expend salary to the ofice staff is called direct
expenses
| Is This Answer Correct ? | 7 Yes | 11 No |
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
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