Which of the following cannot be considered an expense for the business? 4:42 A OV44Í 82%docs.google.com/forms/d2Which of the following cannot beconsidered an expense for thebusiness?Cost of goods soldRepayment of principal of a loanPayment of interest on a loanSales commissionsYour Name *Your answerThe Wonder Bus Company has justpurchased a supply of P8,000 liters ofdiesel fuel for its buses. The diesel fuel isan expense to the company in theaccounting period in which the fuelisOrdered from the supplierReceived from the supplier

Answered: The Wonder Bus Company has just…

The Wonder Bus Company has just purchased a supply of P8,000 liters of diesel fuel for its buses. The diesel fuel is an expense to the company in the accounting period in which the fuel is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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