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Author Question: Assets that are used up during the process of earning revenue are called expenses. a. True b. ... (Read 50 times)

imanialler

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on: Jul 6, 2018
Assets that are used up during the process of earning revenue are called expenses.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following would not be classified as an expenditure?
 
  A. Salaries and wages.
  B. Depreciation.
  C. Capital outlay.
  D. Debt service  principal and interest.


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blakcmamba

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Reply #1 on: Jul 6, 2018
Answer to Question 1

True

Answer to Question 2

B


imanialler

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

bassamabas

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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