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alexisbarry7495
24.01.2020 •
Business
The adjusting entry to record an accrued expense includes a debit to: a. an expense account and a credit to a liability account. b. an expense account and a credit to a revenue account. c. a liability account and a credit to a revenue account. d. a liability account and a credit to an expense account.
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Ответ:
The correct answer is a. Debit to an expense account and a credit to a liability account.
Explanation: An accrued expense is an expense incurred but yet to be paid for. For instance a consultancy service.
To record this transaction, a debit to the expense account will be recorded to increase expenses and a credit to liability account to increase what is owed.
Ответ:
The four functions of Communication are within a group or organization: control, motivation, emotional expression and information.