Asked by Mackenzie Magaoay on Apr 25, 2024
Verified
President's salaries, depreciation of office furniture, and office supplies are
A) selling expenses
B) miscellaneous expenses
C) administrative expenses
D) inventory expenses
Administrative Expenses
The costs related to the general administration of a business, such as salaries of senior executives, accounting, human resources, and information technology.
President's Salaries
Compensation or wage paid to the president of a company, often reflecting their role's responsibility and level of professional experience.
Depreciation
The planned allocation of a physical asset's cost over the time it remains useful.
- Comprehend the categorization of various expense types within accounting.
Verified Answer
Learning Objectives
- Comprehend the categorization of various expense types within accounting.
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