Expense Accounts: List and Explanation
ContentWhere are expense accounts listed?Rules About Independent Contractors vs. EmployeesWhat Is Not An Expense Account?What are the types of expense accounts?Understanding ExpensesWhat Is the Difference Between Accruals & Deferrals? Direct labor refers to the cost of labor (wages) directly related to the manufacturing of a product. Cost of sales refers to expenses that are necessary to make a sale. Not paying for your rent will result in...
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