CBSE Class 11-commerce Answered
OFFICE expense come which account
Asked by JeevSancheti | 28 Jan, 2019, 01:48: PM
Expert Answer
All the indirect expenses and losses that are not directly related to manufacturing and trading but are incurred for business purposes are recorded in the Profit and Loss Account. Since office expense is an indirect expense being not related to manufacturing or trading it is debited to the Profit and Loss Account.
Answered by Surabhi Gawade | 28 Jan, 2019, 04:21: PM
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