Difference between billable and non-billable expenses, Accounting Basics

Assignment Help:

Billable expenses are those expenses incurred by you on behalf of your client in performing duties / supply and service. These expenses are recoverable from your customer by way of billing.

Non-billable expenses are the expenses incurred by you for carry out your own trade / duties and responsibilities.

Related Discussions:- Difference between billable and non-billable expenses

Continuity concept, Accounting supposes that the business as an accounting ...

Accounting supposes that the business as an accounting entity will continue to operate for a long time in the future, unless there is superior evidence to the contrary. The enterpr

Uoit has recently appointed you to prepare an independent, UOIT has recentl...

UOIT has recently appointed you to prepare an independent consulting report to analyze the university's current financial position and to provide some recommendations for improve

Accounting policies for credit losses, Because of the large number of accou...

Because of the large number of accounting scandals that involved misclassification on the balance sheet, FASB has paid particular attention to classification of cash and receivable

Nature and purpose of closing entries, Closing Entries based accounting que...

Closing Entries based accounting question a) Describe the nature of Closing Entries. I.e. what is the purpose of closing entries? b) For each of the f

Briefly explain the term depreciation, Question: Part A: Briefly exp...

Question: Part A: Briefly explain the term "depreciation" and give three reasons why do we need to provide for depreciation on fixed assets during a financial year. Part

Prepare financial statements, Accounting information systems' output is req...

Accounting information systems' output is required by external and internal users for decision making. you are required to use the following trial balance to prepare financial stat

Fundermentals of accounting, differenciate between a cash book and a ledger...

differenciate between a cash book and a ledger

Explain accounting entity concept, Q. Explain Accounting entity concept? ...

Q. Explain Accounting entity concept? Business entity concept (or accounting entity concept). Data assemble in an accounting system relates to a specific business unit or entit

Please use the following information to answer questions, Please use the fo...

Please use the following information to answer questions 4-5: Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-

Case, contributed her $10000 in exchange for $1000 of the shares. this was ...

contributed her $10000 in exchange for $1000 of the shares. this was deposited into a new corporate bank account she set up with TD canada trust

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages