Administrative expenses
Administrative expenses (general expenses) are operating expenses such as general office expenses that are incurred indirectly in the selling of goods.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Administrative expenses (general expenses). Operating expenses such as general office expenses that are incurred indirectly in the selling of goods.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
