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health insurance expense: selling & admin

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

Under the accrual method of accounting, this account reports the health insurance expense that the company has incurred for the employees in the selling and administrative departments of the company during the period indicated in the heading of the income statement.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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