The Adjusting Entry for a Prepaid Expense Always Includes a Debit

question 133

True/False

The adjusting entry for a prepaid expense always includes a debit to an expense account and a credit to a liability account.

---

Definitions:

Harmful Addiction

A detrimental dependence on a substance or activity that negatively impacts one's physical and mental health, relationships, and life.

Leisure Time Activities

Activities enjoyed freely outside of work and obligations, meant for relaxation, enjoyment, or personal enrichment.

Social Events

Gatherings or activities designed for the purpose of socializing, entertainment, or communal engagement.

Signs Of Addiction

Observable indicators that suggest a person may be compulsively using substances or engaging in behavior despite negative consequences.