Which of the following types of transactions could be an accrual adjustment?
A)An increase to an asset account and an increase to a liability account.
B)An increase to a revenue account and an increase to an expense account.
C)An increase to a liability account and an increase to a revenue account.
D)An increase to a liability account and an increase to an expense account.

Question

Quizplus · Accepted Answer

Each accrual adjustment involves one asset and one revenue account or one liability and one expense account.An accrual adjustment that increased a liability would also increase an expense account.

Which of the Following Types of Transactions Could Be an Accrual