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Question

Which of the following accounts is an Expense?



Your Answer
A

Loan taken from bank

Your Answer
B

Machinery purchased for production

Your Answer
C

Stock purchased for resale

Correct Answer
D

Electricity bill paid


Solution

The correct option is B

Electricity bill paid


Out of all of the above, only Electricity bill paid is an expense. All the other are either liabilities or assets of the business.

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