Friday, October 9, 2020

How many of the following events would require an expense to be recorded?

How many of the following events would require an expense to be recorded?


Ordering office supplies.

Hiring a receptionist.

Paying employees' salaries for the current month.

Receiving, but not paying, a current utility bill.

Paying for insurance in advance.



A) One.

B) Two.

C) Three.

D) Four.



Answer: B

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