A plan that lists the types and amounts of operating expenses expected that are not included in the selling expenses budget is a:
A) Sales budget.
B) Cash payments budget.
C) Selling expense budget.
D) General and administrative expense budget.
E) Overhead budget.

Question

Quizplus · Accepted Answer

The general and administrative expense budget lists the expenses incurred by the company for its daily operation that are not included in the selling expenses budget, such as salaries, rent, utilities, and supplies. It helps management estimate the amount of funds needed to cover such expenses and plan accordingly. Therefore, D is the correct answer.

A Plan That Lists the Types and Amounts of Operating