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  2. Topic
    Business
  3. Study Set
    Accounting for Business
  4. Exam
    Exam 4: Recording Transactionsthe Journal and Ledger Accounts
  5. Question
    In A/an ________, an Expense Needs to Be Increased and a Liability
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In A/an ________, an Expense Needs to Be Increased and a Liability

Question 9

Question 9

Multiple Choice

In a/an ________, an expense needs to be increased and a liability account set up.


A) accrual
B) prepayment
C) depreciation
D) bad debt adjustment

Correct Answer:

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