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Summary The journal entry to record general selling and administrative costs is debit Blank____

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2024/2025 Written for academic year
Institution Ashford University
Course ACC 205
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The journal entry to record general selling and administrative costs is debit BlankThe journal entry to record general selling and administrative costs is debit Blank______. Multiple choice question. Manufacturing Overhead and credit Cash or a payable a payable account and credit Manufacturing Overhead a payable account and credit an expense account an expense account and credit Cash or a payableAnswer & ExplanationThe correct answer is: an expense account and credit Cash or a payable.Explanation:1.General Selling and Administrative Costs: These are expenses incurred in the overall operation of a business that are not directly tied to the production of goods or services. They include costs such as salaries for administrative staff, office supplies, utilities, etc.2.Journal Entry Components:oDebit an Expense Account: When recording expenses like selling and administrative costs, you increase (debit) the relevant expense account because expenses decrease equity.oCredi

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The journal entry to record general selling and administrative costs is debit

Blank______. Multiple choice question. Manufacturing Overhead and credit

Cash or a payable a payable account and credit Manufacturing Overhead a

payable account and credit an expense account an expense account and credit

Cash or a payable




Answer & Explanation


The correct answer is: an expense account and credit Cash or a payable.


Explanation:


1. General Selling and Administrative Costs: These are expenses incurred

in the overall operation of a business that are not directly tied to the

production of goods or services. They include costs such as salaries for

administrative staff, office supplies, utilities, etc.


2. Journal Entry Components:

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  • etc2journal entry componentsodebit an expense
  • you increase debit the relevant expense account

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