Which of the followings satisfy the definition of expenses?
A) Cash withdrawal by owner.
B) Payment of dividends to shareholders.
C) Purchase of equipment.
D) Payment of salaries to employees.

Name: Which of the followings satisfy the definition of expenses? A) Cash withdrawal by owner. B) Payment of dividends to shareholders. C) Purchase of equipment. D) Payment of salaries to employees.
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Question

Quizplus · Accepted Answer

Expenses are costs incurred in the process of earning revenue, such as salaries paid to employees.

Which of the Followings Satisfy the Definition of Expenses