The recording of an expense could result in a corresponding increase in
A)owner's equity.
B)revenue.
C)a liability.
D)an asset.

Name: The recording of an expense could result in a corresponding increase in A)owner's equity. B)revenue. C)a liability. D)an asset.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

Expenses are typically recorded as decreases in assets or increases in liabilities. In this case, since the question is asking for the corresponding increase, the answer would be a liability.

The Recording of an Expense Could Result in a Corresponding