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superzingtest · 4 years ago

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Direct business expenses attributable to an Indirect cost

Direct cost is a direct cost that is not attributable to an Indirect cost group. Indirect costs are costs that are indirectly attributable to an Indirect cost object. For instance, if you need new carpet in your home and you shop for carpet at a retail store, the carpet cost is an indirect cost. The cost of the paper you used to print your manual about the best carpets for your home is an indirect cost. Your labor, such as getting up early in the morning to move the carpet and cleaning it afterwards, is an indirect cost.

Direct costs are those costs that are not attributable to an Indirect cost group. Direct costs include items like postage, utility bills, newspapers, library materials, and other items that can be purchased and that have a direct monetary benefit to the business. Some indirect costs that can also be categorized as a direct cost can also be classified as an indirect cost. Initial delivery, special deals on orders, and discounts on products are examples of indirect expenses that are classified as direct expenses.

Direct business expenses include those that are incurred to purchase a tangible item and that are normally incidentals, such as the cost of purchasing coffee. Although many businesses use an overhead rate to classify costs, determining a direct cost is not straightforward. There are so many factors that must be considered. For instance, did you order the coffee on your credit card, or did you pay a deposit to get the coffee? This type of classification is often difficult because it requires a judgment call by the company's accountant and the customer's CPA.

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superzingtest · 4 years ago

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The Economics service

The Economics service is the central civil and economic service category under the Group A of the Central Civil Services (CCS) of the government of India. The head of this department is a cabinet secretary. This department is mainly concerned with planning, organizing and executing the policies for economic growth of the nation. A number of economists are appointed to handle various economic activities of this department. The chief economic adviser (usually the principal advisor) reports directly to the prime minister and the finance and commerce secretaries.

The main function of economics service is to ensure the policies formulated by the government are able to meet the economic objectives. This service is also responsible for preparing the budget speeches of finance and commerce secretaries. These speeches are prepared after analyzing the macroeconomic data as well as recommendations from the economics advisor of each cabinet. Besides this, there is also an important role assigned to this service in the formulation of the economic growth target of each ministry.

The prime responsibility of this department is to ensure that the financial budgeting policies are able to meet the objectives of finance and commerce secretaries. Finance secretaries are also responsible for providing regular budget statements to the leadership of ministries and departments. There are also some changes made in the existing policies of Economics service in light of new macroeconomic indicators. For instance, a new approach to trade policy is also adopted periodically.

#The Economics service

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superzingtest · 8 years ago

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