Asked by
Diana Karely
on Nov 18, 2024Verified
Expenses that are incurred directly or entirely in connection with the selling of merchandise are classified as
A) selling expenses
B) general expenses
C) other expenses
D) administrative expenses
Selling Expenses
Costs incurred directly and indirectly from selling products or services, such as advertising, commissions, and shipping costs.
Merchandise
Goods bought and sold by businesses, typically in the retail industry.
- Understand the classification of different types of expenses in accounting.
Verified Answer
LT
Learning Objectives
- Understand the classification of different types of expenses in accounting.