adm. / selling exp

This query is : Resolved

reshma (Querist)
Follow

14 January 2011 Dear sir,

Pls tell me which exps. are covered under the head administrative exps. & selling expenses.

tnks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

14 January 2011

Admin expenses

Salary/ Rent/ Electricity/ Office maintenance

Selling expenses

Pakcing expenses
Sales commission
Transportation on sales

Message likes : 1 times

CA Sanat Pyne

CA Sanat Pyne (Expert)
Follow

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).

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now