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Where is trade expeneses are put Is it profit or loss account Or trading account Why
Answers (9)
Thread Starter
nisam MNo bro , in the question they are putting in profit and loss ,
they are two types of trading expenses: direct expenses and indirect expenses Direct expenses :trading account Indirect expenses :p&l account
ruchi lahoti
Trade expenses are of two types, both direct and indirect. Those which are direct and effect the gross profit are debited to trading a/c and indirect ones are debited to P&L a/c
How we will understand whether the trade expeneses given is a direct or indirect
Thread Starter
nisam MHow we will understand whether the trade expeneses given is a direct or indirect
Administrative expenses and office expenses are indirect expenses which comes under profit and loss account Factory expenses are direct expenses which comes under trading account
sai t
Administrative expenses and office expenses are indirect expenses which comes under profit and loss account Factory expenses are direct expenses which comes under trading account
Indirect expenses are like salary wages, office rent godown rent,stationety, discount paid, loss on fire, depreciation, bad debts Direct expenses purchases sales closing stock etc
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