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

bought equipment on account.

incurred an expense and paid it.*not the answer*

bought supplies for cash.

incurred an expense and didn't pay for the expense immediately.

Respuesta :

oloruntoba24

Answer:

This is a Income  and expenditure Account

Explanation: Bought equipment on account- Debit account

Incurred an Expense  and paid - Debit Account

Bought Supplies for Cash -  Debit Cash account and Credit supplies Account

Incurred an Expense and Didn't pay for the expense immediately - Credit  Expense account ,Debit Cash account

shogofelix

Answer: incurred an expense and didn't pay for the expense immediately

Explanation:

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