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What is the difference between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
What is the different between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
Is inventory an example of expired cost?
yes
What is the difference between cost and expense?
The difference between a cost and an expense lies on the matter of distinguishing and separately recognizing the used, utilized and expired portion of the cost, being that part is what we called an expense. An expense can also be described as a cost forgone since it is already been utilized and used. The expense is also recognized only in the income statement rather than in the balance sheet since utilization is recognized for a certain period of time. On the other hand, an unused or an unexpired cost is reported in the balance sheet as at a certain point of time. A costmight be an expense or it might be an asset. An expense is a cost that has expired or was necessary in order to earn revenues.
What is the meaning of entries to apportion recorded cost?
Apportioning cost means dividing cost between Expired cost (depreciated value) and Unexpired cost (not depreciated yet). Cost which is used or whose time period is over is expired cost which can also be called as expense now, while unexpired cost can be named as remaining book value. For example, Prepaid rent was paid in September for the coming 4 months was $4000. Now, at the end of September the expired cost will be $1000 (and will be recorded in income statement as expense) and Unexpired cost will be $3000 (& will be recorded in Balance sheet as an asset ). Entry at the start of September would bePrepaid Rent a/c $4000 (Dr)Cash a/c $4000 (Cr) Entry at the end of September would be Rent a/c $1000 (Dr)Prepaid Rent a/c $1000 (Cr)See here, the used up cost or you may say asset has been turned into an expense, mitigating the value of Prepaid rent with $1000. Suppose you are preparing Balance Bheet at the end of September, the $1000 will be recorded in Income Statement as an expense while the Remaining $3000 will be recorded as current asset in Balance Sheet.
What is the difference between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
What is the different between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
Is inventory an example of expired cost?
yes
What is the ticket cost for expired tags in ct?
$158
How much is expired inspection sticker in Texas?
The ticket for an expired inspection sticker is $152, the cost to get it renewed is $14.50.
How much does an expired tag ticket cost in Muskogee Oklahoma?
$35
What is the fine for an expired tag in Colorado?
When a ticket is issued, the cost of ticket is printed on the left side of the back of the speeding ticket. Normally, the cost of ticket is about 180 dollars for expired tags in Colorado.
What should you do if the carlot sold you a car with expired inspection sticker?
If you bought a car with expired inspection for the state you live in, take it back to the lot immediately. It is illegal for them to sell a vehicle with expired inspection that is for road use. They will have to have it inspected, probably at your cost.
How much is the late fee for a expired tag in Alabama?
My tag expired last month and I don't get paid until the 15th of this month. How much is it going to cost me since it's late?And my license expired last month too so how much would that be?
What is the difference between expired cost and unexpired cos?
Expired costs are costs that have been used up or consumed in the production of goods or services, while unexpired costs are costs that have yet to be consumed. Expired costs are included in the cost of goods sold and are deducted from revenue to calculate profitability, while unexpired costs are carried forward on the balance sheet as assets until they are used.
How much is expired registration sticker in Virginia?
You could get the expired registration sticker pretty cheap... I bet people would give them away for free. its the unexpired registration that will cost you about $100usd per year
How much does an expired license ticket cost in Texas and what are the consequences if you're only 18 and its my first offense?
The cost to renew an expired license in Texas depends on your age. For an 18 year old, it would cost $25. You mention an offense, if your license is suspended, you must refrain from driving for a the amount of time it is suspended, and there is a fee of more than $100 to renew your license.
