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Olimpiade Sains Kota (OSK) 2014 - Ekonomi , Nomor 46

46

What is expense?

a. Debts owed to creditors, and identified on the statements of financial position

b. Resources owned or controlled by entities

c. Increases in owner’s equity as a result of selling services or products

d. The using up of assets or consuming services in the process of generating revenues

e. A list of account in the ledger