3. Which ofthe foll owing is an expense? A. Interest paid on loan B. Withdrawal of cash made by the owner C. Payment received for service rendered to customer D. Repayment of principal amount of a loan

3. Which ofthe foll owing is an expense? A. Interest paid on loan B. Withdrawal of cash made by the owner C. Payment received for service rendered to customer D. Repayment of principal amount of a loan

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

3.
Which of the followingis an expense?
A. Interest paid on loan
B. Withdrawal of cash made by the owner
C. Payment received for service rendered to customer
D. Repayment of principal amount of a loan

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