Multiple Choice
On September 30,ABC Co.received a bill for $1,000 for running a newspaper ad in September.The bill will be paid in October.Which of the following statements is correct for September?
A) Liabilities are decreased by $1,000.
B) Assets are increased by $1,000.
C) Expenses are increased by $1,000.
D) Revenues are decreased by $1,000.
Correct Answer:
Verified
Correct Answer:
Verified
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