38 -Which of the following accounts does not include a reflection account in cost accounts ? a)Marketing, Sales and Distribution Expenses B)Research and Development Expenses NS)Commission Expenses D)General and administrative expenses TO)Financing Expenses

Answered: - Which of the following accounts does…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which of the following accounts does not include a reflection account in cost accounts ?

a)	Marketing, Sales and Distribution Expenses

B)	Research and Development Expenses

NS)	Commission Expenses

D)	General and administrative expenses

TO)	Financing Expenses

Expert Solution

Step 1 : Introduction

Cost accounting is a term referred to analyze all the expenses the company incurred in terms of costing referred to production such as purchase of raw material costs and production of the same.Cost Accounting also helps the company , in taking future business decision relating to costing.

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