ayment of expenses will
the assets
Answers
Answered by
6
Payment of expenses will reduce the assets. When an expense is recorded at the same time it is paid for with cash, the cash (asset) account declines, while the amount of the expense reduces the retained earnings account.
Answered by
2
ANSWER ♥️
Payment of expenses will reduce the assets. When an expense is recorded at the same time it is paid for with cash, the cash (asset) account declines, while the amount of the expense reduces the retained earnings account.
HOPE THIS HELPS YOU..
PLEASE THANK MY ANSWERS... ❤
THANK YOU...
AND PLEASE FOLLOW ME.. M
Similar questions