An Account Linked with Another Account That Has an Opposite

question 143

Multiple Choice

An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(n) :

• A) Accrued expense.
• B) Contra account.
• C) Accrued revenue.
• D) Intangible asset.
• E) Adjunct account.

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