Which of the following represents a subtotal rather than an account?
A)Advertising Expense.
B)Sales Revenues.
C)Cost of Goods Sold.
D)Operating Income.

Question

Quizplus · Accepted Answer

Operating Income represents a subtotal, as it is calculated by subtracting all operating expenses from the total revenue, rather than being a specific account. The other options (Advertising Expense, Sales Revenues, and Cost of Goods Sold) represent specific accounts.

Which of the Following Represents a Subtotal Rather Than an Account