Which of the Following Entries Causes an Immediate Decrease in Assets

question 59

Multiple Choice

Which of the following entries causes an immediate decrease in assets and in profit?

• A) The entry to record depreciation expense.
• B) The entry to record revenue earned but not yet received.
• C) The entry to record the earned portion of rent received in advance.
• D) The entry to record accrued wages payable.

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