Select the Appropriate Classification for Each of the Items Listed

question 59

Multiple Choice

Select the appropriate classification for each of the items listed below.
-Cost of conference for sales team

• A)Product cost
• B)Period cost

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Definitions:

First National Bank

A commonly used name for banks in various countries, typically indicating it was the first bank chartered under national laws.

Deposit Slip

A document that accompanies bank deposits, detailing the amount of cash and/or checks being deposited.

Currency

A system of money in general use in a particular country.

Check Register

A record of all checks written, deposits made, and charges or credits to a bank account.