The two important types of transactions that impact on the costs and expenses balances are:
A) interest and dividends.
B) sales and interest.
C) purchases and payroll.
D) depreciation and purchases.

Question

Quizplus · Accepted Answer

Purchases and payroll are direct costs and expenses that affect a company's financial statements, impacting the cost of goods sold and operating expenses.

The Two Important Types of Transactions That Impact on the Costs