An adjusting entry should never include ________. a a credit to a liability acco

Question

An adjusting entry should never include ________.

a

a credit to a liability account and a debit to an expense account

b

a credit to a revenue account and a debit to an expense account

c

a credit to a revenue account and a debit to a liability account

d

a credit to a liability account and a debit to a revenue account

a

a credit to a liability account and a debit to an expense account

b

a credit to a revenue account and a debit to an expense account

c

a credit to a revenue account and a debit to a liability account

d

a credit to a liability account and a debit to a revenue account

Explanation / Answer

Answer is b. A credit to a revenue account and a debit to an expense account.

Explanation:

A single adjusting entry will never include both the revenue and expense account.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.