SELLING & ADMINISTRATIVE EXPENSE BUDGET Definition

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SELLING & ADMINISTRATIVE EXPENSE BUDGET is a budget of planned expenditures for non-manufacturing activities, such as sales commissions and office salaries. See OPERATING BUDGET.

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IMPUTED VALUE is the logical or implicit value that is not recorded in any accounts, e.g., in the projection of annual figures, values are imputed for months for which the actual values are not yet known.

OUTPUT VAT is VAT on a companys sales. See also VALUE ADDED TAX (VAT).

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