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An expenditure whose benefit is finished or enjoyed immediately is called...?

A)  Expense B)  Liability C)  CostD)  Income

Accounting Auditing Financial Reporting Financial Accounting Bookkeeping
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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/06/06
Upvote (2) Views (22) Followers (4) Answers (4) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option A is the right answer.

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

--------------------A)  Expense

Jiju Oommen
by Jiju Oommen , ERP Software Consultant , Simplex IT Solutions

Of course... Option A)  Expense 

Abbas Bharmal CA Inter M com Looking for New
by Abbas Bharmal CA Inter M com Looking for New , Senior Accountant , Msheireb Properties

Option A. Expense..................................

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