Which of the following statements is false?
A) Not all revenues are receipts of cash
B) Some receipts of cash do not add to profits
C) Not all expenses are payments of cash
D) All payments of cash are expenses

Question

Quizplus · Accepted Answer

Not all payments of cash are expenses as some payments can be made to reduce liabilities or purchase assets which do not directly affect the calculation of profits.

Which of the Following Statements Is False