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Which of the following is/are not examples of administrative expenses? (i) Depreciation of office building and its equipment (ii) Interests on loans (iii) Auditing expenses (iv) Advertising and publicity expenses

Which of the following is/are not examples of administrative expenses? (i) Depreciation of office building and its equipment (ii) Interests on loans (iii) Auditing expenses (iv) Advertising and publicity expenses Correct Answer iv only

Depreciation of office building and its equipment, interests on loans, auditing expenses are examples of administrative expenses. Advertising and publicity expenses is an example of selling expenses.

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Statement : The office building needs repairing just as urgently as it needs internal as well as external painting.

Assumptions :
I. Efficiency of people working in the office cannot be improved unless office building is repaired.
II. Repairing and painting of office building require funds.
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