Which of the following is NOT an expense of a company?
A) Cost of goods sold
B) Repayment of principal on a loan
C) Payment of interest on a loan
D) Sales commission

Question

Quizplus · Accepted Answer

Repayment of principal on a loan is not an expense of a company, but rather a reduction in liabilities. The other options listed (cost of goods sold, payment of interest on a loan, sales commission) are all expenses that a company may incur.

Which of the Following Is NOT an Expense of a Company