At the end of the year,accrual adjusting entries could include a:

Name: At the end of the year,accrual adjusting entries could include a:
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

At the end of the year, accrual adjusting entries are made to record expenses incurred or revenue earned, but not yet recorded. This involves debiting an expense account and crediting a liability account, since the expense has been incurred but payment has not yet been made. Therefore, the best choice is D - debit to an expense and a credit to a liability.

At the End of the Year,accrual Adjusting Entries Could Include