Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 20 - No. 10)
What is the main role of selling and administrative expenses?
To relate to the manufacturing of a product.
To sell a product.
To manage the general expenses of the company.
Both to sell a product and manage the general expenses.
Explanation
Selling and administrative expenses involve both selling a product, and managing the general expenses of the company.
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