Which of the following is a TRUE statement regarding expenses?
A. The critical event for recording salary expense is the payment of cash.
B. Expenses will never result in the creation of a liability account.
C. Expenses represent future benefit to the company.
D. The expense recognition principle recognizes revenue in the same period in which the related revenues are earned.

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giannamm19632 giannamm19632

09-06-2024
Business

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Which of the following is a TRUE statement regarding expenses?
A. The critical event for recording salary expense is the payment of cash.
B. Expenses will never result in the creation of a liability account.
C. Expenses represent future benefit to the company.
D. The expense recognition principle recognizes revenue in the same period in which the related revenues are earned.

Sagot :

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