An expense leads to the following effect on the owners equity. (a) Increase (b) Decrease (c) Constant
Question:
An expense leads to the following effect on the owner’s equity.
(a) Increase
(b) Decrease
(c) Constant
(d) None of the above.
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b Decrease When an expense is incurred it leads to a decrease in the owners equity Expenses are cost...View the full answer
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Related Book For 
Financial Accounting For Management
ISBN: 9789385965661
4th Edition
Authors: Neelakantan Ramachandran, Ram Kumar Kakani
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