Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 4 - No. 3)
Every expense will require a double entry in an asset account or a liability account. When will expenses incur?
To generate profit increases.
To generate income and profits.
To generate income and increases assets.
To generate revenue or to generate income.
Explanation
Expenses incur to generate revenue or to generate income.
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