An Expense Is a Decrease in Assets or an Increase

question 73

True/False

An expense is a decrease in assets or an increase in liabilities, and will result in a decrease in owners' equity.

---

Definitions:

Career Development

The continuous journey of learning and growth that a person undergoes to advance their professional life and achieve their career goals.

Role Ambiguity

The uncertainty or lack of clarity surrounding the expectations, responsibilities, or performance criteria of a specific role within an organization.

Role Overload

A work-related stressor occurring when the demands of one's job exceed the individual's ability or resources to perform the tasks required.

Role Defining

The process of clarifying the expectations, responsibilities, and duties associated with a specific job or role within an organization.