What do you call a decrease in owners' equity caused by consuming your product or service?
A)Opportunity cost
B)Cost
C)Owners' equity
D)Expense

Question

Quizplus · Accepted Answer

An expense is a decrease in owners' equity caused by consuming your product or service. It represents the total cost of a product or service. Options A and B refer to the cost, which is a broader term and includes all expenditures made to produce a product or service. Option C refers to the total value of the assets minus the total value of liabilities in a business.

What Do You Call a Decrease in Owners' Equity Caused