Expenses can result fromA) increasing owner's equityB) consuming servicesC) using up liabilitiesD) purchasing assets

Question

Expenses can result fromA)  increasing owner's equityB)  consuming servicesC)  using up liabilitiesD)  purchasing assets

shahanaz Tamanna · Accepted Answer

Final Answer : B, Explanation :  Expenses typically result from consuming services or using resources in the operation of a business, which does not directly increase owner's equity, use up liabilities, or involve the purchase of assets.

Expenses can result from

A) increasing owner's equity
B) consuming services
C) using up liabilities
D) purchasing assets

Definitions

Learning Objectives

Learning Objectives

Related questions