Which of the following would not result in the recording of an expense?
A) Receipt of a bill from the telephone company
B) Recording of wages paid to managers
C) Drawings by the owner for personal expenses
D) Receipt of a bill for electricity used

Question

Quizplus · Accepted Answer

Drawings by the owner for personal expenses do not result in the recording of an expense because they are withdrawals of assets by the owner and are not considered business expenses. A, B, and D all involve bills or wages related to business expenses and would result in the recording of an expense.

Which of the Following Would Not Result in the Recording