Question

Which of the following expense is not paid in cash ?

A. Rent

B. Commission

C. Salary

D. Depreciation​

Answer 1

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Noncash expenses are those expenses that are recorded in the income statement but do not involve an actual cash transaction. A common example of noncash expense is depreciation. When the amount of depreciation is debited in the income statement, the amount of net profit is lowered yet there is no cash flow.