Asked by Mackenzie Magaoay on Apr 25, 2024

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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.
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Ganesh Bhagwat5 days ago
Final Answer :
C
Explanation :
President's salaries, depreciation of office furniture, and office supplies are administrative expenses as they are associated with the day-to-day operations and management of the organization.