Question

Odd one out - wages, salary, insurance premium

Answer 1

Answer:

Insurance premium is the odd one in the given options.

Explanation:

Wages and salary is covered under the indirect expenses as employee costs.

Insurance premium is covered under the indirect expenses as other administrative expenses.

Wages and salaries are the payments made to the labor and employees for rendering the services to the business entity.

Insurance premium is the amount paid towards coverage of losses on account of occurrence of any uncertain event.