Expenses can be defined as:
A) assets consumed.
B) services used in the process of generating revenues.
C) costs that have been incurred during the normal course of business.
D) all of these.

Question

Quizplus · Accepted Answer

Expenses can be defined as assets consumed, services used in the process of generating revenues, and costs that have been incurred during the normal course of business. Therefore, option D is the best choice.

Expenses Can Be Defined As