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Incurring an Expense in the Current Accounting Period, Which Will

Question 95

Multiple Choice

Incurring an expense in the current accounting period, which will be paid in the following 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.

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