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Classification of Direct & Indirect Expensesand Assets & Liabilities A. Direct Expenses
Classification of Direct & Indirect Expensesand Assets & Liabilities A. Direct Expenses
LIABILITIES
A. DIRECT EXPENSES
1) Freight Inwards
2) Carriage Inwards
3) Fuel
4) Motive Power
5) Octroi
6) Import Duty
7) Dock Charges
1) Salaries to employees
3) Office rent
5) Lighting expenses
6) Trade expenses
7) Audit fees
8) Directors fees
9) Operating expense of office
12) Repairs
1) Factory Rent
2) Factory Insurance
3) Factory Expenses
1) Carriage outward
2) Advertisement expenses
3) Export duty
8) Remuneration to agent
1) Interest on loan
2) Discount allowed
3) Rebate allowed
4) Interest on capital
6) Bank expenses
7) Charity
C. INDIRECT INCOMES:
1) Commission received
2) Discount received
5) Interest on drawings
6) Rent received
9) Rebate received
D. ASSETS:
1. Intangible Assets
1) Goodwill
2) Patent
3) Trade mark
4) Copyrights
5) Designs
6) Royality
2. Fixed Assets
2) Leasehold
5) Vehicle
6) Live stock
7) Loose tools
9) Investments
3. Current Assets
1) Cash in hand
2) Cash at bank
3) Short-term Investments
4) Accounts Receivable
a) Debtors
b) Bills receivables
5) Prepaid expenses
6) Accrued income
7) Stock
8) Marketable securities
4. Fictitious Assets
2) Brokerage
5) Preliminary expenses
E. LIABILITIES:
4) Debentures
2. Current Liabilities
3) Accounts Payable
a) Bills payable
b) Creditors
4) Expenses outstanding
5) Prepaid Incomes