Bifurcation of incurred expenses
This query is : Resolved
31 July 2013
Dear Sir,
There is Construction company which deals with construction of buildings and sale of the same.The business entity purchased cement, bricks and steel from the supplier. so my question is under which head these purchased items are shown, under the head "Direct Expenses" or under the head "Purchases" in P&L A/C.
Pls rply me
There is Construction company which deals with construction of buildings and sale of the same.The business entity purchased cement, bricks and steel from the supplier. so my question is under which head these purchased items are shown, under the head "Direct Expenses" or under the head "Purchases" in P&L A/C.
Pls rply me
31 July 2013
Purchase
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31 July 2013
Purchase
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1 times
31 July 2013
First of all Thanks for your rply sir.
So, purchase of cement, Bricks and Steel are shown under the head "Purchase" in P&L A/C.
Which type of expenses are come under "Direct expenses" Except Direct wages.
So, purchase of cement, Bricks and Steel are shown under the head "Purchase" in P&L A/C.
Which type of expenses are come under "Direct expenses" Except Direct wages.
31 July 2013
Freight paid
Rental of machinery used for construction
etc
Rental of machinery used for construction
etc
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