freight inward expenses are direct expenses or not
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Answer / satyaki_raju@yahoo.com
Direct Expenses. They will influence the cost of the product
Is This Answer Correct ? | 11 Yes | 2 No |
Answer / a.sulaiman
yes freight inward is Direct expenses .(if it is related to
Manafactruing or Trading activities)
Is This Answer Correct ? | 9 Yes | 1 No |
Answer / sjsj
S. freight inward expenses are direct expenses. As they are shown in the trading acount in Debit side
Is This Answer Correct ? | 2 Yes | 0 No |
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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
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