Question

Is office expenses is deducted from gross profit

Answer 1

Answer:

Business expenses are costs incurred in the ordinary course of business. They can apply to small entities or large corporations. ... On the income statement, business expenses are subtracted from revenue to arrive at a company's taxable net income. Business expenses may also be referred to as deductions.

Explanation:

please mark me as brainliest and please mark me as your follower

Answer 2

Answer: yes, Office expenses are deducted from Gross Profit

Explanation:

Since the Office expenses are indirect expenses they are deducted from Gross Profit. Indirect expenses are expenses which are related to office transaction such as manager salary, Office stationary etc