Multiple choice

Expenses are:

  1. the costs associated with doing business

  2. money your business takes in from the sale of goods

  3. money invested into the business by the owner

  4. assets used in the business provided by the owner

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Expenses are the costs incurred by a business in the process of earning revenue. These include items like rent, salaries, and utilities.