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Commerce · Q261

Accounting

Graduate and Post Graduate · Commerce · question 261

Q261

Which of the following is a selling expense?

A.
Any tax/freight is paid on purchases
B.
General salaries paid to laborers
C.
Tax & freight paid on sale
Answer
D.
Interest on deposits

Answer: Option C

Solution

Answer: Option C
Solution:
Tax & freight paid on sale is a selling expense. Selling expense (or sales expense) includes any costs incurred by the sales department.