It's the end of the accounting period, and no electric bill has been received (but the expense has been incurred); you should record an entry that

A. increases the total assets and increases the total expenses.

B. decreases the total assets and increases the total expenses.

C. increases the total liabilities and increases the total expenses.

D. decreases the total liabilities and increases the total expenses.

Question

Ross Wallace

20 February, 16:44

+2

Answers (2)

Know the Answer?

Talan Brock · Answer 1

C. increases the total liabilities and increases the total expenses.

Amir Velasquez · Answer 2

The answer to your question is letter C. Increases the total liabilities and Increases the total expenses.