LCCI Level 1 問題：Accounts 分類

In the question, if it doesn't involve manufaxcturing account, all the 3 items you mentions are treated as expense and will be put in the P&L account's expense group.

What your teacher said about wages = cost?

I think it is related to the manufacturing account.
Wage may equal to direct labor cost for manufactuiring the product.

You are right:
Wages 是指藍領的，
而 Salaries 是指白領的
So, it is usually that the wages are expressed in hourly cost/ expense

Hope it helps!

其實你讀會計,唔洗理呢d wages, salaries係唔係一樣!!
佢地都係expenses!!
可以話係無分別,就好似,equipment,fixtures,呢 d都係assets!!
但係個名同,唔會影響你做數!!

2009-08-06 11:05:12 補充：
其實你讀會計,唔洗理呢d wages, salaries係唔係一樣!!
佢地都係expenses!!
可以話係無分別,就好似,equipment,fixtures,呢 d都係assets!!
係個名唔同,唔會影響你做數!!

打錯字!

Wages 是指藍領的，
而 Salaries 是指白領的，
那是對不對的？
In general, true.
Wages are usually the labour cost incurred for production or manufacturing e.g. workers, factory supervisors etc. This is a direct labour cost of manufacturing. It is generally a part of the Cost of Sales with a separate sub-heading of Cost of Goods Manufactured
Salaries are usually the staff cost for operation and administration e.g. general clerical staff, manager etc. It is generally classified under the general and administrative cost.