At the End of October,Flagship Marina Received a Bill for Fuel

Multiple Choice

At the end of October,Flagship Marina received a bill for fuel used in October.Payment is not due until November 30.This transaction:

A) Should not be recorded in the accounting records until November.
B) Causes a decrease in assets and in owners' equity in November,when the bill is paid.
C) Should be recorded as an expense of October,regardless of the payment date.
D) Is recorded as a liability in October,but is not considered an expense until paid.