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A business incurred an expense and paid it immediately. To record this transaction,




A. an expense is debited, and a liability is credited.


B. an expense is debited, and an asset is credited.


C. an expense is debited, and Capital is credited.


D. None of the above

Respuesta :

Hagrid
The right answer for the question that is being asked and shown above is that: "A. an expense is debited, and a liability is credited. " A business incurred an expense and paid it immediately. To record this transaction, an expense is debited, and a liability is credited. 
Meochi
The correct answer to the question is letter B. An expense is debited, and an asset is credited. 

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