General and administrative expenses are those expenses which requires to run day to day business activities no matter if there is production going on or not.
Interest expense is neither selling or administrative, and it's too significant to be called a general expense. Interest expense is usually called a finance expense and is usually listed separately from SG&A, on the Income Statement
administrative expenses;
It is a selling expense to be accounted for on the Income Statement under Selling Expenses.
It typically falls on the income statement under general and administrative expenses.
Examples of operating expense ==> depreciation expense of a machine, impairment of goodwill Example of selling expense ==> advertising Example of general administrative expense ==> office expense
an Administrative expense
Sales
Administrative one.
total G & A expense
Insurance is an administrative expense as administration is authorized to do all these kind of expenses.
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
yes