Also known as fixed costs, indirect costs or running costs and are the costs incurred in running your business - whether you sell or not - they include things such as telephone, rent, rates, heat, light, vehicle running costs, business insurance, depreciation on capital equipment, consumables, advertising, stationery, etc. by deducting overheads from your gross profit you will have a net profit (taxable)


Short term outstanding amount on the current account at the bank. A current liability.

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