Question

ayment of expenses will
the assets​

Answer 1

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.

Answer 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