Which of the following is expensed under the principle of systematic and rational allocation a. salespeople's monthly salariesb. insurance premiumsc. transportation to customersd. electricity to light office building

Q: THE NORMAL BALANCE IN A SALARIES PAYABLE ACCOUNT Choose. THE NORMAL BALANCE IN UTILITIES EXPENSE…

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Q: Which of the following would normally be classified as a Selling expense of Merchandising business?…

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A:

Q: 31-Which of the following would normally be classified as a Selling expense of Merchandising…

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A:

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A: Liabilities are amounts that are owed by a firm while assets are amounts that are owed to a firm.

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.