An adjusting entry to record an accrued expense involves a debit to a(an):

a. expense account and a credit to a prepaid account.
b. expense account and a credit to Cash.
c. expense account and a credit to a liability account.
d. liability account and a credit to an expense account.

Ans: c. expense account and a credit to a liability account.

Business

You might also like to view...

The primary survey line running north and south in any area described by the rectangular survey system is its

A) township line. B) base line. C) range line. D) principal meridian.

Business

The government organization that employs 76 district international trade officers and 10 regional international trade officers throughout the United States as well as a 10-person international trade staff in Washington, D.C

to help potential exporters is the: A. Federal Trade Commission. B. U.S. Commercial Service. C. International Trade Administration. D. Small Business Administration. E. sogo shosha.

Business