06 November 2022
Typical items listed as general and administrative expenses include: Rent. Utilities. Insurance. Executives wages and benefits. The depreciation on office fixtures and equipment. Legal counsel and accounting staff salaries. Office supplies.
In accounting, general and administrative expenses represent the necessary costs to maintain a company's daily operations and administer its business, but these costs are not directly attributable to the production of goods and services. Information on this type of expense is especially useful when calculating a company's fixed costs.
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