Which of the following is an example of an expense?
A)the cost of a product delivered to a customer
B)the cost of a proposed advertising campaign
C)the cost of the purchase of equipment
D)the write-off of an obsolete product

Question

Quizplus · Accepted Answer

Expenses are costs that are incurred in the process of earning revenue. The cost of a product delivered to a customer is an expense because it is directly related to the sale of goods or services.

Which of the Following Is an Example of an Expense