Meaning of General and administrative expenses
How we at Bookkeeping Support Define the Meaning of General and administrative expenses:
The profit that a business makes from interest on loans or investments, like bonds or savings accounts, is known as interest income.
The costs incurred to support a firm's ongoing operationsof a firm, such as salaries, rent, and utilities, are referred to as general and administrative expenses.
General and administrative expenses mean: The average cost incurred by a company for day-to-day operations, including salaries, rent, and utilities.
