Categories of Business Expenses


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question 1 of 3

Which is not considered an expense?

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1. Choose which answer is NOT related to the cost of sales?

2. What is the main difference between rental and mortgage payments?

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About This Quiz & Worksheet

Using this quiz/worksheet combo, you'll get to assess your knowledge of the different types of business expenses. For the quiz, you will need to know what business expenses look like.

Quiz & Worksheet Goals

In these assessments you will be tested over:

  • Something not considered an expense
  • The cost of sales
  • Main difference between rental and mortgage payments
  • Type of insurance that protects the company from lawsuits, negligence or injury

Skills Practiced

  • Knowledge application - use your knowledge to identify the type of insurance that protects companies from different lawsuits, injury and negligence
  • Distinguishing differences - compare and contrast main topics, such as mortgage payments and rental payments
  • Information recall - access the knowledge you have gained regarding things related to the cost of sales

Additional Learning

If you look at the lesson titled Categories of Business Expenses, you can learn more about these expenses in an effective manner. Use the lesson to:

  • Determine what income statements represent
  • Compare and contrast fixed and variable costs
  • Define expenses
  • Examine what the other name is for cost of sales