Item Group
This query is : Resolved
26 June 2020
SIR
Direct expenses should be accounted under the group of Revenue Accounts? If it is yes, why it should be accounted like that?
pls give me explanation.
thanks in advance
Direct expenses should be accounted under the group of Revenue Accounts? If it is yes, why it should be accounted like that?
pls give me explanation.
thanks in advance
26 June 2020
direct exp are the expenses related to trading account.
like carriage inward.....wages....other manufacturing charges.
how can be expenses is revenue.
revenue is basically sales and service rendered.
like carriage inward.....wages....other manufacturing charges.
how can be expenses is revenue.
revenue is basically sales and service rendered.
29 June 2020
Revenue Expenditure are those which are related to specific revenue transactions, such as Cost of Goods Sold or Repairs and Maintenance expense etc.
This is why Direct expenses are categorized as Revenue Expenditure.
This is why Direct expenses are categorized as Revenue Expenditure.
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