cost schedule Flashcards

1
Q

opening inventory

A

cost of sales

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2
Q

purchases

A

cost of sales

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3
Q

purchases returns

A

cost of sales

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4
Q

carriage inwards

A

cost of sales

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5
Q

closing inventory

A

cost of sales

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6
Q

carriage outwards

A

dc

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7
Q

utilities

A

ae

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8
Q

wages

A

ae

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9
Q

salaries

A

ae

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10
Q

directors remuneration

A

ae

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11
Q

admin expenses

A

ae

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12
Q

marketing expenses

A

dc

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13
Q

advertising costs

A

dc

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14
Q

rent expense

A

fc

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15
Q

depreciation charge for the year (depending on notes)

A

dc

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16
Q

debt, provision of debt

A

dc

17
Q

advertising costs accrued

A

dc

18
Q

loan interest

A

fc

19
Q

insurance

A

ae

20
Q

general expenses

A

ae

21
Q

bad debt

A

dc

22
Q

change in doubtful debt provision

A

dc

23
Q

depreciation in vehicles

A

dc

24
Q

loss of disposal

A

dc

25
Q

sales comission

A

dc

26
Q

plus accrual

A

dc

27
Q

discount allowed

A

dc

28
Q

discount recieved

A

ae

29
Q

repairs

A

ae

30
Q

depreciation on buildings, fixtures and fitting

A

ae

31
Q

impairment of f&f

A

ae

32
Q

debenture interest

A

fc

33
Q

preference dividend

A

fc

34
Q

provision for defects

A

dc

35
Q

profit on disposal

A

ae