0
Is preliminary expenses is a administrative expenses or selling expenses?
Wiki User
∙ 9y ago
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Are utility expenses a selling or administrative expense?
an Administrative expense
Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
Is insurance an administrative expense or selling expense?
Insurance is an administrative expense as administration is authorized to do all these kind of expenses.
How do you be written off preliminary expenses?
[Debit] Amortization of Preliminary expenses xxxx [Credit] Preliminary expenses xxxx
Where are selling and administrative expenses found on the multi-step income statement?
after gross profit
Does rent expense go under selling or general and administrative expenses?
administrative expenses;
Are utility expenses a selling or administrative expense?
an Administrative expense
Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
Is professional fee expense an administrative expense or a selling expense?
Expenses which are incurred for the selling of product is called Selling Expenses while expenses incurred on administration of general day to day tasks are called administration expenses
Is accounting fees a selling administrative expense?
Sales salaries and commission expenses, if paid for selling the products then it is selling expenses, while if salaries or commission is paid for administration work then it would be classified as administration expense like salary of operation manager etc.
Is insurance an administrative expense or selling expense?
Insurance is an administrative expense as administration is authorized to do all these kind of expenses.
How do you be written off preliminary expenses?
[Debit] Amortization of Preliminary expenses xxxx [Credit] Preliminary expenses xxxx
Is store supplies expense a selling or general and administrative expense?
It is a selling expense to be accounted for on the Income Statement under Selling Expenses.
Where are selling and administrative expenses found on the multi-step income statement?
after gross profit
Are telephone expenses an administrative expense or a selling expense?
I would classify them as administrative unless the cost of the line is directly related to sales such as the phones in a busy order dept, an outside sales rep's cell phone, or the lines in a telemarketing boiler room.
What are preliminary expenses?
Preliminary expenses are any cost incurred when starting a company. The cost of the location, hiring employees, and fees for an attorney are considered preliminary expenses.
Where are selling and administrative expenses found on the multiple-step income statement?
Selling and administration expenses are found under income statement after gross profit section and for the calculation of net profit
