Multiple Choice
Which of the following is an example of an expense:
A) an owner withdrawal for personal use.
B) the payment of the monthly utility bill.
C) the receipt of cash from a credit customer.
D) the payment of a creditor on account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q41: A business transaction is a financial event
Q42: The balance sheet shows:<br>A)all revenues and expenses.<br>B)the
Q43: If a business receives $5,000 on account
Q44: Examples of assets are:<br>A)cash and accounts receivable.<br>B)investments
Q46: The account used to record amounts that
Q47: The debts or obligations of a business
Q48: At the end of the first month
Q49: The following information should be used
Q50: Amounts that a business must pay in
Q67: The following information should be used for