It is a process of accounting cycle. Expenses has only 2 natures, fixed and variables. All five elements of accounting aka assets, liabilities, expenses, incomes and equity must be reported.
Just the purpose in reporting because cost classification is not reporting
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
