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Select the spending item(s) that are assets.You can select more than one answer.A.Insurance billB.CarC.DeskD.Dinner outE.PetrolF.Rent

Question

Select the spending item(s) that are assets.You can select more than one answer.A.Insurance billB.CarC.DeskD.Dinner outE.PetrolF.Rent

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Solution

The correct answers are B. "Car" and C. "Desk". These are considered assets because they hold value. The other options are not considered assets because they are expenses, not items that you own which have value.

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