Bookkeeping And Accountancy Presenting the Art of Bookkeeping in Accordance Wit
Bookkeeping And Accountancy Presenting the Art of Bookkeeping in Accordance Wit
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75; postage, S130; telephone and telegrams, 881. 50; legal expenses, $50; miscellaneous traveling expenses, $86. 19.
What was the net cost?
Arithmetical Problems — Administrative Expense Accounts.
(1) The Jones & Brown Mfg. Company's expenses for the year were: Salary of manager, $4000; salaries 'of office help, $1600; stationery, $96. 45; postage, $150; telegrams and telephone, $92. 35; directors' fees, $700; legal expenses $380; traveling expenses, $167. 18.
(2) The Midland Rolling Mill Compa...ny paid manager's salary, S2500; office help, $975; letter heads and envelopes, $60; postage, $72. 30; telephone and tele- grams, $61. 25; directors' fees. $250; attorneys' fees for collecting accounts, $75; traveling, $30; banquet for officers, $75.
GENERAL EXPENSE ACCOUNTS.
310. An expense is the cost of any use or service from which no definite per- manent value is derived; the cost of anything that is used up in conducting a busi- ness. General expenses consist of all expense items which are not included in the sales, administrative, manufacturing or other special expense accounts, such as the cost of rent, fuel, light, taxes, insurance, and miscellaneous items of similar character.
What to read after Bookkeeping And Accountancy Presenting the Art of Bookkeeping in Accordance Wit?
You can find similar books in the "Read Also" column, or choose other free books by Harry Marc Rowe to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
75; postage, S130; telephone and telegrams, 881. 50; legal expenses, $50; miscellaneous traveling expenses, $86. 19.
What was the net cost?
Arithmetical Problems — Administrative Expense Accounts.
(1) The Jones & Brown Mfg. Company's expenses for the year were: Salary of manager, $4000; salaries 'of office help, $1600; stationery, $96. 45; postage, $150; telegrams and telephone, $92. 35; directors' fees, $700; legal expenses $380; traveling expenses, $167. 18.
(2) The Midland Rolling Mill Compa...ny paid manager's salary, S2500; office help, $975; letter heads and envelopes, $60; postage, $72. 30; telephone and tele- grams, $61. 25; directors' fees. $250; attorneys' fees for collecting accounts, $75; traveling, $30; banquet for officers, $75.
GENERAL EXPENSE ACCOUNTS.
310. An expense is the cost of any use or service from which no definite per- manent value is derived; the cost of anything that is used up in conducting a busi- ness. General expenses consist of all expense items which are not included in the sales, administrative, manufacturing or other special expense accounts, such as the cost of rent, fuel, light, taxes, insurance, and miscellaneous items of similar character.
What to read after Bookkeeping And Accountancy Presenting the Art of Bookkeeping in Accordance Wit?
You can find similar books in the "Read Also" column, or choose other free books by Harry Marc Rowe to read onlineMoreLess
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