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Question
Differentiate between expired and unexpired costs.
Distinguish Between
Solution
| Basis of Distinction | Expired Costs | Unexpired Costs | |
| 1. | Expiry | These costs are consumed or used up in the current accounting year. | These costs were not fully consumed or used in the current accounting year. |
| 2. | Benefits | The benefits of these costs do not accrue in the future. | The benefits of these costs accrue in the future. |
| 3. | Examples | Factory rent, wages. | Advertising expenses, preliminary expenses. |
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Controllable and Uncontrollable Costs
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