For a merchandising business, in which expense section of the income statement should the salary of the sales manager be reported? a. Selling expenses b. Administrative expenses c. Other expenses

Question:

For a merchandising business, in which expense section of the income statement should the salary of the sales manager be reported?

a. Selling expenses

b. Administrative expenses

c. Other expenses

Salary:

Salary is the return earned by an employee through putting his time, effort, and skills into doing his work for the company. Salary represents a fixed amount of payment in a fixed period. It can be monthly or every 15 days, depending on the company's protocols.

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Selling & Administrative Expense Budget | Definition & Examples

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Chapter 13 / Lesson 9

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Learn about the selling and administrative expense budget. Explore how this budget is created and see examples of selling and administrative expenses.

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For a merchandising business, in which expense section of the income statement should the salary...

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Salary:

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