Question
What is meant by Indirect Expenses?
✓
Answer
Indirect Expenses are those expenses which are incurred and are not directly associated with the purchases of goods or manufacture of goods.
Examples of such expenses are administrative expenses, selling and distribution expenses, etc.
Examples of such expenses are administrative expenses, selling and distribution expenses, etc.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
What is meant by ‘Accounts from Incomplete Records'?
What is bill at sight?
What is a Trading Account?
If both Adjusted Purchases and Closing Stock are given in the Trial Balance, where are the two accounts shown in the Final Accounts?
What is meant by a Journal Proper?
Rahul's Trial Balance as on 31st March, 2019 has the following information: 
Additional Information:
Additional Information:
- Salary for the month of March, 2019 is yet to be paid.
- Electricity Bill for March, 2019 amounted to ₹ 5,200 was received on 2nd April, 2019.
What is Balance Sheet?
List any two examples of Fixed Assets.
Why are Prepaid Expenses segregated from current year's expenses and taken to Balance Sheet as a current asset?
Cash column of the Cash Book will always have a debit balance or at the most nil balance. Why?