General and Administrative Expenses
Operating expenses of running the business that are not tied to producing or selling the product, such as rent, utilities, insurance, and administrative pay.
The other of the two operating-expense groups. Research and development spending sits in operating expenses too.
Often confused with
- Selling Expenses
- Selling expenses sell the product; general and administrative expenses run the business behind it.
Taught in
See also
3.6.A.5