In Adjusting for a Prepayment, the Expense Account Needs to Be

question 11

Multiple Choice

In adjusting for a prepayment, the expense account needs to be ________ and an asset account needs to be ________.

• A)set up; credited
• B)set up; reduced
• C)credited; debited
• D)debited; credited

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Definitions:

Masculine And Feminine

Terms that describe societal roles, behaviors, and attributes traditionally associated with men and women, respectively.

Humane Orientation

A cultural dimension highlighting the degree to which an organization or society encourages and rewards individuals for being fair, altruistic, generous, and kind to others.

Societies

Groups of individuals living together in ordered communities with shared laws, traditions, and values, forming the basis of a cohesive and functioning whole.

Friendly

Exhibiting warmth, kindness, and approachability in interactions with others.