Which account is not classified as a selling expense?

11. Which account is not classified as a selling expense?

   a.    Sales Salaries

   b.    Delivery Expense

   c.    Cost of Goods Sold
   d.    Advertising Expense

Answer

Answer is c-Cost Of Goods Sold

Selling Expense refers to any cost incurred by the sales department such as packing, warehousing, delivery etc whereas cost of goods sold reflects expenses incurred for acquisition and production of inventory for sale.

Hottest videos

Leave a Reply

Your email address will not be published.

Related Posts