26 June 2020
SIR Direct expenses should be accounted under the group of Revenue Accounts? If it is yes, why it should be accounted like that? pls give me explanation.
29 June 2020
Revenue Expenditure are those which are related to specific revenue transactions, such as Cost of Goods Sold or Repairs and Maintenance expense etc. This is why Direct expenses are categorized as Revenue Expenditure.
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