What is prepayment, what is ar ageing, what is cogs, what is direct expenses, indirect expense, what is hedging, journal entry for os salary, journal entry for prepaid salary, what is cost centre, what is profit centre, direct expenses items indirect expenses items

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Prepayment is an advance payment made for goods or services. AR ageing is the analysis of outstanding customer invoices. COGS is the cost of producing or purchasing goods sold. Direct expenses are costs directly related to the production of goods or services. Indirect expenses are costs not directly related to production. Hedging is a financial strategy to reduce risk. Journal entry for OS salary is debit salary expense, credit accounts payable. Journal entry for prepaid salary is debit prepaid salary, credit salary expense. Cost centre is a department or division that incurs costs. Profit centre is a department or division that generates revenue.

Prepayment is an advance payment made for goods or services before they are received.
AR ageing is the analysis of outstanding customer invoices to determine the length of time they have been outstanding.
COGS is the cost of producing or purchasing goods that are sold to customers.
Direct expenses include raw materials, labor costs, and other expenses directly related to the production of goods or services.
Indirect expenses include rent, utilities, and other expenses not directly related to production.
Hedging is a financial strategy used to reduce the risk of adverse price movements in investments.
Journal entry for OS salary: Debit salary expense, credit accounts payable.
Journal entry for prepaid salary: Debit prepaid salary, credit salary expense.
Cost centre is a department or division within a company that incurs costs.
Profit centre is a department or division within a company that generates revenue.

What is prepayment, what is ar ageing, what is cogs, what is direct expenses, indirect expense, what is hedging, journal entry for os salary, journal entry for prepaid salary, what is cost centre, what is profit centre, direct expenses items indirect expenses items

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