Hello Everyone,
In which case the Direct Expenses come under the head Current Assets?
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Direct expenses under current assets
Replies (6)
UPTO MY KNOWLEDGE THERE ARE NO SUCH DIRECT EXP THAT COMES UNDER CURRENT ASSETS
WORK IN PROGRESS CAN BE BOOKED IN CURRENT ASSETS FOR WHICH PERIODICALLY AMT IS GIVEN BUT ACTUAL EXPENSES INCURRED IS STILL NOT CLEAR.
PREPAID INSURANCE COMES UNDER CURRENT ASSET ...IF INSURANCE TAKEN ON RAW MATERIALS OR STOCK...
BUT PRASHANT CAN IT BE CONSIDERED AS DIRECT EXPENSES??
yes...if insurance taken on raw materials...
Prepaid Direct Expenses can be taken.
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