The payment of rent each month for office space would:
A)increase total assets.
B)increase owner's equity.
C)decrease liabilities.
D)increase expenses.

Question

Quizplus · Accepted Answer

Paying rent for office space is considered an expense, which increases the total expenses for the business. This does not directly affect assets, owner's equity, or liabilities in the manner described by the other options.

The Payment of Rent Each Month for Office Space Would