Examlex
Which of the following statements is false?
Salaries Expense
The total compensation paid to employees, including wages, salaries, bonuses, and deducted taxes, for their work for a company during a specific period.
Operating Expense
Costs associated with the day-to-day operations of a business, such as rent, utilities, and payroll, excluding cost of goods sold.
Purchases Discounts
An allowance given by the seller to the buyer for early payment or for buying in large quantities.
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