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which are coming under direct exp
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Answer / vinay
All the expenses related to the manufacturing, factory
related is under direct exp.
wages. carrige inwars etc
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / akshitha
The manufacturing expenses which effects directly is direct
expenses.
Eg:Wages,carriage inwards, freights etc.,
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / shailesh
how entry in affect of a/c for telephone expence
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / m venkatesh
the direct expenses will come only trading / manufacturing
account(example. lorry freight, good inwords expenses etc
| Is This Answer Correct ? | 1 Yes | 0 No |
What is Trade Recovery Estimate and how can we calculate it?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
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Audit 
