Direct expenses under current assets

A/c entries 645 views 6 replies
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Employee
68 Points Joined October 2012

Hello Everyone,

 

In which case the Direct Expenses come under the head Current Assets?

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On 19 February 2014 at 15:28 Report
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Accounts Manager in Private Company
433 Points Joined December 2012
UPTO MY KNOWLEDGE THERE ARE NO SUCH DIRECT EXP THAT COMES UNDER CURRENT ASSETS
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On 19 February 2014 at 15:37
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Accounts Manager in Private Company
433 Points Joined December 2012
WORK IN PROGRESS CAN BE BOOKED IN CURRENT ASSETS FOR WHICH PERIODICALLY AMT IS GIVEN BUT ACTUAL EXPENSES INCURRED IS STILL NOT CLEAR.
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On 19 February 2014 at 15:39
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Student CA Final
39 Points Joined February 2014

PREPAID INSURANCE COMES UNDER CURRENT ASSET ...IF INSURANCE TAKEN ON RAW MATERIALS OR STOCK...

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On 19 February 2014 at 16:21
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Accounts Manager in Private Company
433 Points Joined December 2012
BUT PRASHANT CAN IT BE CONSIDERED AS DIRECT EXPENSES??
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On 19 February 2014 at 17:48
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Student CA Final
39 Points Joined February 2014

yes...if insurance taken on raw materials...

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On 20 February 2014 at 11:55
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Chartered Accountant
815 Points Joined October 2009

Prepaid Direct Expenses can be taken.

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On 19 June 2014 at 19:54


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