Which of the following statements is correct regarding expenses.

Business

1 answer:

Marina CMI [18]3 years ago

6 0

Answer:

b. Expenses are increased on the left side of their T-account because they decrease equity.

Explanation:

Expenses arise during operation. The conceptual framework defines expenses as decrease in economic benefits as a result of increase in liabilities and decreases in assets. The result being a decrease in equity attributable to shareholders. Examples of expenses include depreciation, interest, utilities and wages expenses.

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Explanation:

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Answer:

a) True

Explanation:

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4 years ago

________ is defined as a business strategy where business buyers prefer to buy a complete solution to a problem from a single se

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Explanation:

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