Which of the following is an expense?
A) prepaid insurance
B) dividends paid
C) purchase of inventory
D) wages owing but not paid at the end of the accounting period.

Question

Quizplus · Accepted Answer

Wages owing but not paid at the end of the accounting period are considered an expense because they represent a cost incurred by the business for services received, even though the payment has not yet been made.

Which of the Following Is an Expense