What are administrative expenses, and what are some examples? Is interest expense a general and administrative expense? Yes, interest expense is a general and administrative expense. This is because interest expense is an indirect cost incurred in the course of operating a business. As such, it is classified as a general and administrative expense.
Is repairs and maintenance an administrative expense? Repairs and maintenance can be classified as either an administrative expense or a production expense. Administrative expenses are those incurred in the operation of a company that are not directly related to the production of goods or services. Production expenses are those incurred in the production of goods or services.
The classification of repairs and maintenance as an administrative or production expense depends on the nature of the repair or maintenance activity. For example, if a company repairs a machine that is used in the production process, the repair would be classified as a production expense. However, if the company repairs a office chair, the repair would be classified as an administrative expense.
How do you find administrative expenses?
There are a few different ways that you can find administrative expenses. One way is to look at the income statement for a company. Administrative expenses are typically listed as a separate line item on the income statement. Another way to find administrative expenses is to look at the company's financial statements. Administrative expenses are typically included in the "operating expenses" section of the financial statements. Which of the following is not an office and administration expenses? The following is not an office and administration expenses:
1) Rent
2) Wages
3) Advertising
4) Office Supplies
5) travel
Are administrative expenses operating expenses?
There is no definitive answer to this question since it can vary depending on the specific organization and how its accounting department classifies expenses. However, in general, administrative expenses are considered to be a type of operating expense. This is because they are incurred in the course of running the organization on a day-to-day basis, and are not directly related to generating revenue.