Expense to be direct or indirect
This query is : Resolved
04 June 2016
One company treated as wages for manager/supervisor/machine operator of manufacturing industry as direct expenses.is the treatment correct or not ? or it is indirect expenses ?
04 June 2016
It is direct expense if those employees involved in manufacturing of product
Message likes :
1 times
06 June 2016
Generally expenses are treated as direct expenses if they are used in the manufacture of product or rendering of services. This treatment is at the discretion of the management. All the expenses for the support function of the organization are treated as indirect expenses.
In the above mentioned case, it can be treated as direct expenses if cost can be directly used for the manufacture of the product
In the above mentioned case, it can be treated as direct expenses if cost can be directly used for the manufacture of the product
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST rate for millets.
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
