{"id":15651,"date":"2024-04-15T04:50:25","date_gmt":"2024-04-15T04:50:25","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=15651"},"modified":"2024-04-15T04:50:25","modified_gmt":"2024-04-15T04:50:25","slug":"carriage-inwards-can-be-included-in-a-direct-expenses-b-indirect-expenses-c-current-liability-d-misc-expenses","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/carriage-inwards-can-be-included-in-a-direct-expenses-b-indirect-expenses-c-current-liability-d-misc-expenses\/","title":{"rendered":"Carriage inwards can be included in A. Direct expenses B. Indirect expenses C. Current liability D. Misc Expenses"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9b0684a7798\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    Direct expenses                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Indirect expenses                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Current liability                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Misc Expenses                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>Carriage inwards is a type of direct expense. It is the cost of transporting goods from the supplier to the buyer. It is included in the cost of goods sold, which is a major component of the income statement.<\/p>\n<p>Direct expenses are expenses that can be directly attributed to the production of a good or service. They are included in the cost of goods sold, which is a major component of the income <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> statement. Examples of direct expenses include:<\/p>\n<ul>\n<li>Cost of materials<\/li>\n<li>Direct labor<\/li>\n<li>Carriage inwards<\/li>\n<\/ul>\n<p>Indirect expenses are expenses that cannot be directly attributed to the production of a good or service. They are not included in the cost of goods sold, but are instead included in operating expenses. Examples of indirect expenses include:<\/p>\n<ul>\n<li>Selling expenses<\/li>\n<li>Administrative expenses<\/li>\n<li>Depreciation<\/li>\n<\/ul>\n<p>Current liabilities are liabilities that are due within one year. They are listed on the balance sheet as a current asset. Examples of current liabilities include:<\/p>\n<ul>\n<li>Accounts payable<\/li>\n<li>Accrued expenses<\/li>\n<li>Notes payable<\/li>\n<\/ul>\n<p>Miscellaneous expenses are expenses that do not fit into any other category. They are usually small in amount and are not included in any of the major categories on the income statement or balance sheet. Examples of miscellaneous expenses include:<\/p>\n<ul>\n<li>Postage<\/li>\n<li>Telephone<\/li>\n<li>Travel<\/li>\n<\/ul>\n<p>In conclusion, carriage inwards is a type of direct expense. It is the cost <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> of transporting goods from the supplier to the buyer. It is included in the cost of goods sold, which is a major component of the income statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Carriage inwards can be included in A. Direct expenses B. Indirect expenses C. Current liability D. 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