Which Statement Is Not Correct About Expenses in the Income

question 94

Multiple Choice

Which statement is not correct about expenses in the income statement?

• A)The function of expense format classifies expenses based on their use.
• B)Some function of expense categories are depreciation, employee costs, raw materials consumed.
• C)The nature of expense format classifies expenses based on their source.
• D)Some function of expense categories are cost of sales, administration or warehouse.