The Adjusting Entry for a Prepaid Expense Always Involves A(n)

question 44

Multiple Choice

The adjusting entry for a prepaid expense always involves a(n) :

• A) liability account and a revenue account
• B) expense account and a liability account
• C) asset account and a liability account
• D) expense account and an asset account

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Definitions:

Check Box

An interactive box in forms or questionnaires that can be checked or unchecked to make a selection or indicate a decision.

Cell Link

A feature in spreadsheet software that creates a dynamic connection between a cell's value and that of another cell or worksheet.

Command Button

A user interface element that executes a specific command or action when clicked by the user.

Name

In the context of computing and databases, it refers to a unique identifier assigned to entities such as files, variables, functions, and other elements.