Question :
A) Indirect Incomes
B) Indirect Expenses
C) Direct Incomes
D) Direct Expenses
Answer : B
Salary Account comes under which head
A) Indirect Incomes
B) Indirect Expenses
C) Direct Incomes
D) Direct Expenses
Answer : B
Description :
Salary Account is generally indirect expense because it cannot be conveniently allocated to a particular product.
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A) Does not require as stringent a set of internal controls
B) Will produce a more accurate set of financial statements
C) Eliminates the need to reconcile control accounts and subsidiary ledgers
D) Will be more efficient at producing financial statements
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