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The business incurred an expense and paid it immediately. To record this transaction, A. an expense is debited, and a liability is credited. B. an expense is debited, and an asset is credited. C. an expense is debited, and Capital is credited. D. None of the above

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Meochi
The answer to your question is letter B. An expense is debited, and an asset is credited. 

To record this transaction B. an expense is debited, and an asset is credited

What is a transaction?

A transaction exists as a business event that includes a monetary effect on an entity's financial statements and exists recorded as an entry in its accounting records. Examples of transactions exist as follows: Paying a supplier for services rendered or goods delivered.

A financial transaction exists as an agreement, or communication, between a customer and seller to exchange goods, services, or assets for payment. Any transaction affects a change in the position of the finances of two or more businesses or individuals.

To record this transaction B. an expense is debited, and an asset is credited.

To learn more about transaction refer to:

https://brainly.com/question/24156279

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