An Invoice from a Consultant Was Received for Work Done

question 12

Multiple Choice

An invoice from a consultant was received for work done in May 2016.There was no previous record of the transaction.It will be paid in July 2016.In May 2016:

• A) an asset decreased and an expense increased.
• B) an asset decreased and a liability decreased.
• C) a liability increased and an expense increased.
• D) no entry is required until the next accounting period.

---

Definitions:

MEG

Magnetoencephalography, a non-invasive imaging technique used to measure the magnetic fields produced by neuronal activity in the brain.

Magnetic Fields

Invisible forces that exert a magnetic influence on moving electric charges, affecting the behavior of charged particles in the vicinity.

Electrical Signals

The method by which neurons communicate and transmit information through action potentials and synapses in the nervous system.

Radiochemicals

Radiochemicals are chemical compounds that are radioactive, often used in medical diagnostics, research, and nuclear industries.