Credit card expense may be classified as:

Question

Quizplus · Accepted Answer

Credit card expense is an expense incurred by a business when customers use credit cards to make purchases. It is typically classified as a selling expense or an administrative expense, depending on the nature of the business. For example, if a business sells products online, credit card expense would be classified as a selling expense. If a business provides services, credit card expense would be classified as an administrative expense.

Credit Card Expense May Be Classified As