Maharashtra State BoardHSC Commerce 12th Board Exam
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Answer in One Sentence Only. What Do You Mean by Indirect Expenses? - Book Keeping and Accountancy

One Line Answer

Answer in one sentence only.
What do you mean by indirect expenses?

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Solution

Those expenses which are not directly related with the manufacturing of goods but are incurred by the firm in the course of its normal business activities, such as administrative expenses, selling expenses, distribution expenses, etc., are known as indirect expenses. Such expenses are debited to the Profit & Loss Account.

Concept: Effects of Adjustments-Closing Stock
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