The acronym itself stands for selling, general, and administrative expenses. It is used in order to calculate the sum of indirect and direct selling expenses and is reported directly on an income statement. Some figures included are salary, travel expenses, payroll expenses, commissions, bonuses, and so on.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser