Asked by Angela
The business incurred an expense and paid it immediately. To record this __________.
Question 39 options:
an expense is debited and a liability is credited
an expense is debited and an asset is credited
an expense is debited and Capital is credited
None of the above answers are correct.
D
Question 39 options:
an expense is debited and a liability is credited
an expense is debited and an asset is credited
an expense is debited and Capital is credited
None of the above answers are correct.
D
Answers
Answered by
bobpursley
nope.
Answered by
Angela
Yeah B
Answered by
bobpursley
right.
Answered by
Angela
A credit to an asset account was posted to a liability account. This error would cause __________.
Question options:
assets to be understated
liabilities to be overstated
capital to be understated
None of the above answers are correct.
An- A
Question options:
assets to be understated
liabilities to be overstated
capital to be understated
None of the above answers are correct.
An- A
Answered by
bobpursley
liabilities would be understated.
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