An Adjusting Entry to Convert an Asset to Expense Consists

question 94

Multiple Choice

An adjusting entry to convert an asset to expense consists of:

• A)A debit to a liability and a credit to cash.
• B)A debit to an expense and a credit to cash.
• C)A debit to an expense and a credit to an asset account.
• D)A debit to an asset account and a credit to an expense account.

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Definitions:

Right Atrium

The right upper chamber of the heart that receives deoxygenated blood from the body and pumps it to the right ventricle.

Largest Artery

The largest artery in the human body is the aorta, which carries oxygenated blood from the heart to the rest of the body.

Aorta

The largest artery in the body, originating from the left ventricle of the heart and extending down to the abdomen, distributing oxygenated blood to all parts of the body.

Right Ventricle

The lower right chamber of the heart that receives deoxygenated blood from the right atrium and pumps it to the lungs for oxygenation.