Which of the following is a selling expense?
A. Any tax/freight is paid on purchases
B. General salaries paid to laborers
C. Tax & freight paid on sale
D. Interest on deposits
Answer: Option C
Solution(By Examveda Team)
Tax & freight paid on sale is a selling expense. Selling expense (or sales expense) includes any costs incurred by the sales department.This Question Belongs to Commerce >> Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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