1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Taya2010 [7]
3 years ago
10

The adjusting entry to record an accrued expense includes a debit to: a. an expense account and a credit to a liability account.

b. an expense account and a credit to a revenue account. c. a liability account and a credit to a revenue account. d. a liability account and a credit to an expense account.
Business
1 answer:
kykrilka [37]3 years ago
6 0

Answer: The correct answer is a. Debit to an expense account and a credit to a liability account.

Explanation: An accrued expense is an expense incurred but yet to be paid for. For instance a consultancy service.

To record this transaction, a debit to the expense account will be recorded to increase expenses and a credit to liability account to increase what is owed.

You might be interested in
Consider the production of paper in Strelsau. Suppose that the supply of paper is upward-sloping and the demand for paper is dow
ExtremeBDS [4]

Answer: The optimal price is higher than market price by less than $0.50.

Explanation:

Since, it was given that Coase theorem doesn't hold in this situation, hence, the social marginal cost is greater than the private marginal cost by $0.50. The social marginal cost curve lies towards the left of demand curve.

Since the demand and supply curve are not perfectly elastic or inelastic, so the optimal equilibrium occurs at a point (price) which is greater than the prevailing market price, but the difference in the price is less than $0.50.

Therefore, the optimal price is higher than market price by less than $0.50.

7 0
3 years ago
Examining relationships among data in the company's financial statements can provide knowledge that can not be gained from just
Yuki888 [10]

Options: True or False

Answer: True

Explanation: Financial statements is a written record of the inflow and outflow of funds in an organisation, it gives a description and clearer picture or view of how the financial activities taking place in the Organisation has been managed,it helps the decision makers to see the true picture and state of affairs of the Organisation.

EXAMINING FINANCIAL STATEMENTS HELPS TO REVEAL MORE DETAILED INFORMATION THAT CAN NOT BE OBTAINED BY JUST LOOKING AT INDIVIDUAL ITEMS IN A STATEMENT.

8 0
3 years ago
Which of the following financial packages has the lowest total cost to the student?
Bezzdna [24]
A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans
3 0
3 years ago
Read 2 more answers
What ways can land contribute to production
wel

Answer:

yes land can contribute to production.

Land is the only place to grow crops and to do farming. if we do good to land by using organic fertilizers then production will also be good. so land is the only source for the production of crops as land provides minerals and vitamins to the plants for the production of crops.

8 0
3 years ago
Suppose the mean gpa of all students graduating from a particular university in 1975 was 2.30. the registrar plans to look at re
coldgirl [10]
My notation would be myx = M(XC+%) and the mean is Summat.
4 0
3 years ago
Other questions:
  • Woodland Lake Manufacturing has a new project that requires $652,000 of equipment. What is the depreciation in Year 5 of this pr
    14·1 answer
  • The purpose of posting is to?
    9·2 answers
  • Idle time gaming, inc., has established clear standards of performance for its latest video game that will involve physical chal
    14·1 answer
  • Kingbird, Inc. wrote checks totaling $43810 during October and $47839 during November. $41660 of these checks cleared the bank i
    5·1 answer
  • Ramona bowen was employed as a supervisor for comfort manufacturing. she was the only black supervisor in the plant. the other s
    14·1 answer
  • The following selected transaction were completed by gourmet company during January of the current year:
    10·1 answer
  • The amount of joint costs allocated to product DBB-1 using the sales value at split-off method is (calculate all ratios and perc
    10·1 answer
  • Olivia likes to eat both apples and bananas. At the grocery store, each apple costs $0.20 and each banana cost $0.25. Olivia’s u
    13·1 answer
  • What is constructive criticism? Give an example
    6·1 answer
  • Imagine that you manage a toy store. You have one employee who does a fantastic job. Your other employee needs improvement. Choo
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!