When revenue expenses are paid in cash ……………….
A. increase in asset – increase in liability.
B. increase in asset – increase in capital.
C. decrease in asset – decrease in capital.
D. decrease in asset – decrease in liability.
Answer:C
When revenue expenses are paid in cash ……………….
A. increase in asset – increase in liability. B. increase in asset – increase in capital. C. decrease in asset – decrease in capital. D. decrease in asset – decrease in liability.