Which of the following expenses relate to the profit and ...
Which of the following expenses relate to the profit and loss account of a manufacturing firm?
Administrative overhead
Direct labour
Direct materials
Work-in-progress
Correct answer is A
Administrative overhead is those costs not involved in the development or production of goods or services. This is essentially all overhead that is not included in manufacturing overhead. Examples of administrative overhead costs are the costs of: Front office and sales salaries, wages, and commissions. Office supplies.
One of the benefits of book-keeping records is that they? ...
The simplest form of single entry procedure consists fo keeping a ...
What is the balance of the bank account shown above? ...
Which of the following is not part of the double entry system? ...
The accounting entries used to record a cheque issued by a business is to? ...