Which of the following is a classification of expenses using the nature approach?
A) cost of goods sold
B) payroll costs
C) sales expense
D) administration expense

Name: Which of the following is a classification of expenses using the nature approach? A) cost of goods sold B) payroll costs C) sales expense D) administration expense
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The nature approach classifies expenses based on their inherent nature, such as payroll costs, rather than their function.

Which of the Following Is a Classification of Expenses Using