Question : Which of the following is not operating expenses?
Option 1: Office Expenses
Option 2: Bad Debts
Option 3: Loss by Fire
Option 4: Selling Expenses
Answer (1)
17th Jan, 2024
Correct Answer: Loss by Fire
Solution : An expense a business faces as a result of ongoing operations is referred to as an operating expense. Operating expenses, which are frequently referred to as OPEX, include rent, tools, inventory costs, marketing, payroll, insurance, step charges, and money set aside for Research & Development.
Hence the correct answer is option 3.
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