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17 October, 16:01

The adjusting entry to record an accrued expense includes a debit to: a. an expense account and a credit to a liability account. b. an expense account and a credit to a revenue account. c. a liability account and a credit to a revenue account. d. a liability account and a credit to an expense account.

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  1. 17 October, 19:05
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    Answer: The correct answer is a. Debit to an expense account and a credit to a liability account.

    Explanation: An accrued expense is an expense incurred but yet to be paid for. For instance a consultancy service.

    To record this transaction, a debit to the expense account will be recorded to increase expenses and a credit to liability account to increase what is owed.
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