I Should Not Record _____ on an Income and Expense

question 154

Multiple Choice

I should not record _____ on an income and expense statement for the period from January 1 to June 30.

• A) an $800 refrigerator bought on credit on May 30
• B) a paid March telephone bill
• C) health insurance premiums deducted from monthly pay checks
• D) checking account service charges
• E) groceries bought and paid for in June

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Definitions:

Main Idea

The central concept or most important point that an author or speaker aims to communicate to their audience.

Specific Action

A particular, well-defined step taken to achieve a goal or objective.

Inconvenience

A mild annoyance or discomfort that causes a temporary interruption or difficulty in a person's routine or plans.

Consequences

The outcomes or effects that result from a particular action or set of conditions, often in terms of cause and effect.