Working Expenses definition
Examples of Working Expenses in a sentence
The heads of expenses are: * Preliminary Expenses * Working Expenses * Repairs and Depreciation * Owner’s Profit * Film hire changes to the distributors * Hire charges for the Indian News Reels * Local Tax, if any * Other Taxes connected to Cinema Business * Establishment charges like Staff Salary, Gratuity, Bonus, Provident Fund, Welfare Fund.
The words and expressions used in the definition of Specified Working Expenses shall have the meaning usually attached to them in the books and accounts of the Insured.
The amount by which the sum of the turnover and the amount of the closing stock shall exceed the sum of the amount of the opening stock and the amount of the uncovered Working Expenses.
The sum to be insured should represent the amount by which the sum of the turnover and the amount of the closing stock shall exceed the sum of the opening stock, the amount of stock purchased and the amount of the Specified Working Expenses.