Answer / libin kulamuttom

Expenses are the amount
incured for the benifit we received.for eg:(1)wages paid
(It is a direct exp here we got the services of the employe as benifit.That means direct exp gives the benifit from trading or manufacturing field.(2)office rent paid(it is an indirect exp. Here we can use th building as offices.That means benifit came from administrative field)

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