Accountancy, asked by sakshich1001, 9 months ago

ayment of expenses will
the assets​

Answers

Answered by Anonymous
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 snowysecret124
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.

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