If an Expense Has Been Incurred but Not Yet Recorded

question 57

Multiple Choice

If an expense has been incurred but not yet recorded, then the end-of-period adjusting entry would involve

• A)a liability account and an asset account.
• B)a liability account and a revenue account.
• C)a liability and an expense account.
• D)a receivable account and a revenue account.
• E)None of these answer choices is correct.

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Definitions:

Auditory Tube

Also known as the Eustachian tube, it connects the middle ear to the nasopharynx, helping to equalize pressure in the middle ear.

External Acoustic Meatus

The ear canal, a passage leading from the outer ear to the eardrum.

Tympanic Membrane

Also known as the eardrum, a thin membrane that separates the outer ear from the middle ear and vibrates in response to sound waves.

Pinna

The visible part of the ear that is outside the head, its primary function is to capture sound waves and funnel them into the ear canal.