Atharv Sankliya (1354 Points)
24 October 2022
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 24 October 2022
It is a process of accounting cycle. Expenses has only 2 natures, fixed and variables. All five elements of accounting aka assets, liabilities, expenses, incomes and equity must be reported.
Atharv Sankliya
(1354 Points)
Replied 24 October 2022
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 25 October 2022
Just the purpose in reporting because cost classification is not reporting
CAclubindia
