Asked by Mohamad Arshil Vahora on Jun 13, 2024
Verified
Which account is not classified as a selling expense?
A) Sales Salaries
B) Delivery Expense
C) Cost of Goods Sold
D) Advertising Expense
Selling Expense
Costs incurred directly and indirectly in making sales, including advertising, shipping, and sales staff salaries.
Goods Sold
The total of merchandise that a company has sold to its customers within a specific period; often referred to as 'sales'.
- Acquire knowledge on how different expenses are classified in the field of accounting.
Verified Answer
OO
Oskarsson, OliviaJun 18, 2024
Final Answer :
C
Explanation :
Cost of Goods Sold is a cost incurred to produce or purchase the goods that are being sold, and is not considered as a selling expense. The other choices are classified as selling expenses as they directly relate to the act of selling and delivering the product.
Learning Objectives
- Acquire knowledge on how different expenses are classified in the field of accounting.
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