Administrative Costs in Accounting: Definition & Examples

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question 1 of 3

Which of the following are costs related to the general administration of the business and do not relate to any function like production and sales?

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1. All of the following are characteristics of administrative expenses EXCEPT which?

2. Which is not an administrative expense?

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About This Quiz & Worksheet

Find out what you know about administrative costs. Answer study questions on key points such as general business costs and the characteristics of administrative expenses.

Quiz & Worksheet Goals

The following topics will be addressed:

  • An expense that is not considered to be administrative
  • The categorization of interest expense
  • Factual statements about expenses

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on administrative costs
  • Knowledge application - use your knowledge to answer questions about interest expenses and how they're categorized and the characteristics of administrative expenses
  • Information recall - access the knowledge you've gained regarding general business costs

Additional Learning

The lesson named Administrative Costs in Accounting: Definition & Examples will help you to go over the following topics:

  • Example of a company's income statement
  • Cost cutting and revenue generation
  • Operating expenses
  • Categorization of insurance, depreciation, rent and utilities
  • Where to record income taxes on the income statement
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