Question

__________ is an consideration received in exchange of money or money's worth.

• A. Expenditure
• B. Income
• C. Asset
• D. Liability

Answer 1

The correct option is A Expenditure

Income is consideration in money or money’s worth:
Given in exchange for the provision of services, goods or services generated by a business, or use of property; or
Received on a recurrent basis;
But is not consideration received for fixed assets or rights