Financial Statements - 1 — Account STD 11 Commerce — Question

Indirect Expenses are those expenses which are not directly associated with manufacturing or sale of goods. They include administrative, selling and distribution expenses such as salaries, rent and taxes, postage and stationery, insurance, depreciation, interest paid, office lighting, advertising, packing, carriage outwards, etc. Losses include items like loss by fire, loss by theft, etc.