If a Business Decided to Classify Its Expenses Under the Headings

question 17

Multiple Choice

If a business decided to classify its expenses under the headings 'Selling and Distribution,' 'General and Administrative' and 'Financial,' into which groupings would 1. depreciation of sales staff's motor vehicles and 2. bad debts written off, fall?

• A)1. general and administrative; 2. financial.
• B)1. selling and distribution; 2. financial.
• C)1. financial; 2. selling and distribution.
• D)1. selling and distribution; 2. general and administrative.

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Definitions:

Erik Erikson

Erik Erikson was a developmental psychologist known for his theory on psychosocial development, which outlines eight stages of human development across the lifespan.

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