Multiple Choice
Incurring an expense in the current accounting period, which is paid in the current accounting period, will require:
A) a debit to an expense and a credit to a liability.
B) a debit to a liability and a credit to an expense.
C) a debit to an expense and a credit to cash.
D) a debit to an expense and a credit to capital.
Correct Answer:
Verified
Correct Answer:
Verified
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