Administrative one.
give the full chart of the direct and indirect expenses . detail about this
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
Outstanding expnese is that expense which is already incurred but amount is not paid while unexpired expenses are those expenses for which payment is made in advance but actually expenses are not yet incurred.
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
Administrative one.
give the full chart of the direct and indirect expenses . detail about this
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
Outstanding expnese is that expense which is already incurred but amount is not paid while unexpired expenses are those expenses for which payment is made in advance but actually expenses are not yet incurred.
Expenses already incurred but not necessarily for the current accounting period is prepaid expense. In the case of advance, the expenses even though identified, have not been incurred but only cash has been taken out for the purpose of incurring such expense.
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
Expenses more than income is called "Loss" Income over expenses called "Profit"
Operating expense is the cost of running your day-to-day business. Operating expenses include rent, utilities, supplies, and insurance. Direct expense is an expense that varies with changes in the cost object. Direct expenses include materials needed to manufacture a product, freight charges to transport product, and taxes related to the sale of goods.
no
Generally it means things that do not fit into established categories. For example, in finance or accounting, a miscellaneous expense is one that cannot or is not convenient to be entered into categorized expense accounts and is thus entered into the miscellaneous expense account.
debit
There is no similarity between the assets and expense only prepaid/expired expenses is consider our assets.