At the end of every month, David balances his family$$s finances to ensure they don$$t overspend past their monthly revenues. David and his wife have been trying to save up money to start repairs to their house for the past couple of years so that they don$$t have to borrow a lot of money when the repairs start. In the coming months, David and his wife plan on replacing their windows in their house and they will have to spend more money on the windows than what their monthly revenues allow. What will the additional expenditures do to the family$$s income statement when the windows are replaced?

Question $6$Select one:

a$.$

Due to the additional expenditures, the family$$s income statement will be in a deficit position using accrual accounting.

b$.$

Nothing, the family has additional money built up in savings to cover the extra expenditures.

c$.$

Due to the additional expenditures, the family$$s income statement will be in a deficit position using cash accounting.

d$.$

None of the answers are correct