Expenses that support the overall operations of a business and include the expenses relating to accounting,human resource management,and financial management are called:
A)Cost of goods sold.
B)Selling expenses.
C)Purchasing expenses.
D)General and administrative expenses.
E)Non-operating activities.

Question

Quizplus · Accepted Answer

General and administrative expenses are expenses that support the overall operations of a business and include the expenses relating to accounting, human resource management, and financial management. Cost of goods sold refers to the expenses directly related to the production of goods, selling expenses relate to the cost of selling products or services, purchasing expenses relate to the cost of purchasing raw materials, and non-operating activities are not directly related to the operations of the business.

Expenses That Support the Overall Operations of a Business and Include