Please answer with reason for all why the option is correct and why the other options are incorrect 74. An expenditure whose benefit is finished or enjoyed immediately is called A.Expense B.Liability C.Cost D.Income
Please answer with reason for all why the option is correct and why the other options are incorrect 74. An expenditure whose benefit is finished or enjoyed immediately is called A.Expense B.Liability C.Cost D.Income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please answer with reason for all why the option is correct and why the other options are incorrect 74. An expenditure whose benefit is finished or enjoyed immediately is called
A.Expense
B.Liability
C.Cost
D.Income
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