adm. / selling exp
This query is : Resolved
14 January 2011
Dear sir,
Pls tell me which exps. are covered under the head administrative exps. & selling expenses.
tnks
Pls tell me which exps. are covered under the head administrative exps. & selling expenses.
tnks
CMA Ramesh Krishnan
(Expert)
14 January 2011
Admin expenses
Salary/ Rent/ Electricity/ Office maintenance
Selling expenses
Pakcing expenses
Sales commission
Transportation on sales
Admin expenses
Salary/ Rent/ Electricity/ Office maintenance
Selling expenses
Pakcing expenses
Sales commission
Transportation on sales
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CA Sanat Pyne
(Expert)
14 January 2011
Administrative expenses are part of the operating expenses (along with selling expenses). Administrative expenses include expenses associated with the general administration of the business. Examples include the salaries and fringe benefits of the company president, human resource personnel, accounting, information technology, the depreciation expense for equipment and space used in administration, as well as supplies, utilities, etc.
Under the accrual basis of accounting, administrative expenses appear on the income statement for the period in which they occurred (not the period in which they were paid).
Under the accrual basis of accounting, administrative expenses appear on the income statement for the period in which they occurred (not the period in which they were paid).
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