0
Nada Mousa Posted 14 years ago
Business & Finance
business
What's the meaning of miscellaneous costs and what is the GAAP?
Top answer
GAAP = generally accepted accounting principles. miscellaneous costs = small costs not assignable to other larger cost groups like depreciation, production, etc.
- GAAP = generally accepted accounting principles.
- miscellaneous costs = small costs not assignable to other larger cost groups like depreciation, production, etc.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
3 Answers
0
GAAP = generally accepted accounting principles.
miscellaneous costs = small costs not assignable to other larger cost groups like depreciation, production, etc.
miscellaneous costs = small costs not assignable to other larger cost groups like depreciation, production, etc.
00
Thanks, whats the meaning of utilities like plant utilities, what is the diffrence between overhead costs and period cost? what is period costs anyway?
00
period costs There are 2 definitions:
1. Selling and general administrative expenses identified with the accounting period in which they are incurred, and charged against sales revenue in the same period. Also called period expense.
2. Depreciation, interest, rent, and other such costs associated with the passage of time (instead of with the units of output) and trea
1. Selling and general administrative expenses identified with the accounting period in which they are incurred, and charged against sales revenue in the same period. Also called period expense.
2. Depreciation, interest, rent, and other such costs associated with the passage of time (instead of with the units of output) and trea
0
Related Questions