Question

An asset would be debited and a liability would be credited if the business

A. bought supplies for cash.

B. incurred an expense and paid it.

C. incurred an expense and didn’t pay for the expense immediately.

D. bought equipment on account.

Answer 1

Witch one do you think it is

Answer 2

C?

Answer 3

correct

Answer 4

That's is what I was going to say

Answer 5

Thank you

Answer 6

your welcom

Answer 7

Not a prob

Answer 8

C was wrong!!!! :(