Answered: To capitalize an expenditure is to:…

To capitalize an expenditure is to: Multiple Choice Debit an expense account. Credit an expense account. Credit the owner's capital account. Credit an asset account. Debit an asset account.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter4: Journalizing And Posting Transactions

Section: Chapter Questions

Problem 3MC: To purchase an asset such as office equipment on account, you would credit which account? (a) Cash...

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Question

To capitalize an expenditure is to:
Multiple Choice
Debit an expense account.
Credit an expense account.
Credit the owner's capital account.
Credit an asset account.
Debit an asset account.

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