Describe the term Operating Expenses
Describe the term Operating Expenses in business accountancy?
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Operating Expenses: For running industry or profession, we require operating expenses. Such expenditures are paid for day to day office lighting, rent, salary, insurance premium, Internet bill, travelling expenditures and lots of other expenses for sales and research. It as well comprises the depreciation on fixed assets.
Super Profit Method: (Goodwill method): When a firm earns huge profit in comparison to normal profit (usually earned by other firms of similar industry) then the difference is termed as Super Profit. Goodwill is computed on the basis
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