Exam MB-800 topic 2 question 17 discussion

The correct answer is Expense, Income Statement and Direct Posting. The second option (Balance sheet) is wrong answer.

Seriously, who writes these answers? Expense is clearly not a Balance Sheet item.

https://learn.microsoft.com/en-us/dynamics365/business-central/finance-chart-of-accounts Balance sheet accounts are further categorized into three groups: Asset accounts: These accounts track all the valuable resources owned by your company. Liability accounts: They record your company’s debts. Equity accounts: Represent the residual value in the business after subtracting liabilities from assets. Income accounts are divided into two groups: Revenue accounts: These accounts capture your company’s income from various sources. Expense accounts: These accounts capture all your company’s expenses. based on the question, it should be income statement.

I think the answer of 'Balance Sheet' is correct, as the object is 'office supplies': The Balance Sheet report displays assets, liabilities, and equity. The Income Statement report displays income and expenses. Ref: https://learn.microsoft.com/en-us/training/modules/chart-accounts-dynamics-365-business-central/2-categories https://learn.microsoft.com/en-us/dynamics365/business-central/localfunctionality/sweden/how-to-print-balance-sheet-and-income-statement-reports

The Answer is: Expense, Income Statement and Direct Posting.

lo que dijo yurene

la 2º debe ser cuenta de resultados

1a 2b 3a correct

Should be income statement

Expense, Income Statement and Direct Posting.

The correct answer is Expense

Agree with what everyone is saying. The answer provided is contradictory. You cannot say that something is an expense and belongs on the Balance Sheet (the balance sheet shows your assets, liabilities and equity). Revenue and expenses belong on the Income Statement.

Yugene is correct

Kindly share the correct answers.

This is wrong

This must be wrong. Expense = Income Statement.

That is not correct. Expenses are Income Statement - Accounting 101!