question archive Resources that are expected to yield future benefits are O Expenses O Revenues

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.

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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.

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