Expenses include all of the following except:
A)using supplies.
B)making a payment on account.
C)paying for electricity used during the current period.
D)paying wages for production workers for work performed during the current period.

Question

Quizplus · Accepted Answer

Expenses are costs of operating the business,incurred to generate revenues in the period covered by the income statement.Expenses are reported when the company uses something.Making a payment on account has no impact on expenses;it decreases Cash and Accounts Payable.

Expenses Include All of the Following Except