An adjusting entry to record depreciation expense is an example of an adjustment that accrues an expense to reflect its incurrence during the accounting period even though it is not yet paid or recorded.

Question

Quizplus · Accepted Answer

The Answer of An adjusting entry to record depreciation expense is an example of an adjustment that accrues an expense to reflect its incurrence during the accounting period even though it is not yet paid or recorded.

An Adjusting Entry to Record Depreciation Expense Is an Example