cost schedule Flashcards by addy panchan

Q

opening inventory

A

cost of sales

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Q

purchases

A

cost of sales

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Q

purchases returns

A

cost of sales

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Q

carriage inwards

A

cost of sales

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Q

closing inventory

A

cost of sales

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Q

carriage outwards

A

dc

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Q

utilities

A

ae

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Q

wages

A

ae

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Q

salaries

A

ae

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Q

directors remuneration

A

ae

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Q

admin expenses

A

ae

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Q

marketing expenses

A

dc

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Q

advertising costs

A

dc

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Q

rent expense

A

fc

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Q

depreciation charge for the year (depending on notes)

A

dc

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Q

debt, provision of debt

A

dc

Q

advertising costs accrued

A

dc

Q

loan interest

A

fc

Q

insurance

A

ae

Q

general expenses

A

ae

Q

bad debt

A

dc

Q

change in doubtful debt provision

A

dc

Q

depreciation in vehicles

A

dc

Q

loss of disposal

A

dc

Q

sales comission

A

dc

Q

plus accrual

A

dc

Q

discount allowed

A

dc

Q

discount recieved

A

ae

Q

repairs

A

ae

Q

depreciation on buildings, fixtures and fitting

A

ae

Q

impairment of f&f

A

ae

Q

debenture interest

A

fc

Q

preference dividend

A

fc

Q

provision for defects

A

dc

Q

profit on disposal

A

ae