selling and administrative expense definition
Also referred to as operating expenses. These expenses are reported in the period in which they were incurred, not the period in which they were paid.
Also referred to as operating expenses. These expenses are reported in the period in which they were incurred, not the period in which they were paid.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.