Incurring an Expense in the Current Accounting Period, Which Is

question 93

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.

---

Definitions:

Reform Efforts

Actions or movements aimed at making changes in societal structures or policies to improve conditions.

Opposed

To be against or in contrast with an idea, proposal, or entity, expressing disagreement or resistance.

Juvenile Court System

A specialized court system dealing with minors who are accused of violating the law, focusing on rehabilitation and parental responsibility rather than punishment.

Progressives

Advocates for social reform and change, often focusing on addressing issues like inequality, corruption, and improving public welfare through governmental intervention.