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

@sammixboo @SolomonZelman @damien @danibear401

Answer 2

i think it would be c but im not positive.

Answer 3

thank you

Answer 4

your very welcome thanks for the medal to haha

Answer 5

no problem