question archive Resources that are expected to yield future benefits are O Expenses O Revenues
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Resources that are expected to yield future benefits are O Expenses O Revenues. O Owner's Equity O Liabilities. Assets.
The correct answer is "Assets".
Explanation:
Assets are the resources that are owned and controlled by the organisation/company. Assets are used to conduct its business operations. With the help of assets organisation/company produces goods/products which are sold in the market and organisation/company generates revenues. Assets are used over its useful life like 3 years, 4 years, etc.Thus yield future benefit.
Expenses are the costs incurred by the organisation/company to run its operations like production of goods/products and selling them.
Revenues are the income earned by the organisation/company from selling its goods/products.
Owner's equity are the share of Owner's in the value of the total assets of the organisation/company.
Liabilities are the obligations of the organisation/company to pay its debt.