Which of the following types of accounts will always be debited to adjust for an unrecorded liability?

Question

Quizplus · Accepted Answer

Expenses are accounts that reflect decreases in assets or increases in liabilities from ongoing operations to generate revenue. Adjusting for an unrecorded liability requires an increase in liabilities, and therefore an increase in expenses to account for the expense that was incurred. Therefore, an expense account will always be debited to adjust for an unrecorded liability.

Which of the Following Types of Accounts Will Always Be