Multiple Choice
Some of ABC's transactions for the month of October are as follows.Which transaction,if any,is an expense for the month of October?
A) Purchased $50 worth of petrol on credit,to be paid for in November
B) Paid $1000 off a loan obtained during July
C) Paid a mechanic $250 for repair work carried out in September
D) Purchased a photocopier for $15 000
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Evidence that would not be of help
Q37: Omitting a transaction for a cash sale
Q38: The accounting principle that requires separation of
Q39: A business purchased office furniture for $1500
Q42: The business hires an office manager at
Q43: Accounts for Printers Pty Ltd are
Q44: When a customer eventually pays for items
Q45: A _ is a record in which
Q46: Income has a (positive/negative)_ effect on Equity.
Q47: A _ account is used to summarise