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Question
The gross decrease is economic benefits to the enterprise is referred to as _____________.
The gross decrease is economic benefits to the enterprise is referred to as _____________.
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Solution
The correct option is B Expense
Expenses are those which are incurred for day to day business operations. All indirect expenses are debited to the profit & loss account which finally impact the owners' equity.
There are mainly two types of expenses
1. Capital Expense
2. Revenue Expense.
Expenses are those which are incurred for day to day business operations. All indirect expenses are debited to the profit & loss account which finally impact the owners' equity.
There are mainly two types of expenses
1. Capital Expense
2. Revenue Expense.
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