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selling and administrative expense

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

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.

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  • Debits and Credits
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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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