Examlex
Which of the following statements is false:
Sales
Income earned from the sale of products or services over a defined time frame.
Direct Method
A cost allocation technique used in cost accounting that assigns all service department costs directly to producing departments without considering any services rendered between service departments.
Accounts Receivable
Debts to a company from its customers for products or services already delivered, yet payment is pending.
Administrative Expenses
Costs related to the general operation of a company, such as salaries of executives and office supplies.
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