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Insurance claims for loss of stock and loss of profit

What are standing charges? ( In illustration 11,administrative expenses and finance charges are included as standing charges but not selling expenses)


Rinuja TK

Rinuja TK

CA Inter

9K+

27-Jun-22

56

Answers (4)

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Standing charges refer to fixed expense. Total cost remains same irrespective of sells (no of units sold) .so here administrative and finance expense will remain same ,will not change na. But selling expense vary with change in sells . This is more or less same concept which we learn in costing...


Kiran Vijay

Kiran Vijay

CA Inter

2K+

27-Jun-22

Thanks


Thread Starter

Rinuja TK

Rinuja TK

CA Inter

9K+

26-Jul-22

plz share the question you are referring to.


Mounika Satya sai Mullapudi

Mounika Satya sai Mullapudi

Moderator

26-Jul-22

Here the question is

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Thread Starter

Rinuja TK

Rinuja TK

CA Inter

9K+

26-Jul-22

AMRIT