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4 August, 12:23

A business incurred an expense and paid it immediately. To record this transaction,

A. an expense is debited, and a liability is credited.

B. an expense is debited, and an asset is credited.

C. an expense is debited, and Capital is credited.

D. None of the above

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Answers (2)
  1. 4 August, 12:35
    0
    The correct answer to the question is letter B. An expense is debited, and an asset is credited.
  2. 4 August, 12:40
    0
    The right answer for the question that is being asked and shown above is that: " A. an expense is debited, and a liability is credited. " A business incurred an expense and paid it immediately. To record this transaction, an expense is debited, and a liability is credited.
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Home » Business » A business incurred an expense and paid it immediately. To record this transaction, A. an expense is debited, and a liability is credited. B. an expense is debited, and an asset is credited. C. an expense is debited, and Capital is credited. D.
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