Multiple Choice
Which of the following would not result in the recording of an expense?
A) Receipt of a bill from the telephone company
B) Recording of wages paid to managers
C) Drawings by the owner for personal expenses
D) Receipt of a bill for electricity used
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q60: At the end of an accounting period,
Q61: A cost ought to be recognised as
Q62: Capitalising a cost for the period instead
Q63: The statement of comprehensive income shows financial
Q64: Merchandise inventory costing $10 000 was sold
Q66: Determine the profit earned by a business
Q67: The core business of Greenmango Ltd involves
Q68: Income has the effect of increasing assets
Q69: Revenue has the effect of:<br>A) increasing assets
Q70: Company XYZ recorded net profit after tax