A plan that lists the types and amounts of operating expenses expected that are not included in the selling expenses budget is a:
A) General and administrative expense budget.
B) Sales budget.
C) Cash payments budget.
D) Overhead budget.
E) Selling expense budget.

Question

Quizplus · Accepted Answer

The general and administrative expense budget lists all of the operating expenses not included in the selling expenses budget, such as salaries, rent, and office supplies. It is necessary to have a separate budget for these expenses to ensure their proper management and to track actual expenditures against the budget.

A Plan That Lists the Types and Amounts of Operating