Multiple Choice
If an expense has been incurred but not yet recorded, then the end-of-period adjusting entry would involve
A) a liability account and an asset account.
B) a liability account and a revenue account.
C) a liability and an expense account.
D) a receivable account and a revenue account.
E) None of these answer choices is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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