A company makes a deferral adjustment that reduces a liability.This must mean:
A)an expense account is decreasing by the same amount.
B)an expense account is increasing by the same amount.
C)a revenue account is increasing by the same amount.
D)a revenue account is decreasing.

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The Answer of A company makes a deferral adjustment that reduces a liability.This must mean:
A)an expense account is decreasing by the same amount.
B)an expense account is increasing by the same amount.
C)a revenue account is increasing by the same amount.
D)a revenue account is decreasing.

A Company Makes a Deferral Adjustment That Reduces a Liability