The Adjustment for an Accrued Expense

question 136

Multiple Choice

The adjustment for an accrued expense:

• A)increases expenses and decreases assets.
• B)increases expenses and increases liabilities.
• C)decreases expenses and increases liabilities.
• D)decreases expenses and increases assets.

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Definitions:

Informal Notes

Casual, non-official records or messages that may lack structure but convey necessary information or reminders.

Personal

Referring to or pertaining to an individual, their private life, or their personal belongings.

Informal Nature

Characterizing situations, relationships, or behaviors that are casual or not bound by formal rules, regulations, or procedures.

Letter Style

The font or design of the alphabet in written communication, which can vary in formality and aesthetic.