Consider the Following Transactions

question 50

Multiple Choice

Consider the following transactions:
(i) repayment of a loan in June 2012
(ii) depreciation of equipment in June 2012
(iii) payment of accounts payable in June 2012
(iv) payment of an insurance bill in June 2012,which covers 1 July 2012 to 30 June 2013.
Which of the above transactions increase June 2012 expenses?

• A) (ii)only
• B) (i)and (ii)only
• C) (i),(ii)and (iii)only
• D) (i),(ii)and (iv)only
• E) (ii),(iii)and (iv)only.