Balance of an expense account, Managerial Accounting

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Balance of an expense account

If the effect of the debit portion of an adjusting entry is to increase the balance of an expense account, which of the following describes the effect of the credit portion of the entry?

a. decrease the balance of an owner's equity account

b. increase the balanceof an liability account

c. increase the balance of an asset account

d. increases the balance of a capital account

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Managerial Accounting: Balance of an expense account

Reference No:- TGS083529

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Managerial Accounting: Balance of an expense account

Reference No:- TGS083529

Have a Question? (oR Write a Review)

Recent Questions Asked Managerial Accounting

Q : Find the total cost of the level plan

Q : Loss from the imported merchandise

Q : Who should barbara pay

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Q : Balance of an expense account

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Request for Solution File

Ask an Expert for Answer!!

Managerial Accounting: Balance of an expense account

Reference No:- TGS083529

Recent Questions Asked Managerial Accounting

Q : Find the total cost of the level plan

Q : Loss from the imported merchandise

Q : Who should barbara pay

Q : Determinate the rate of total assets

Q : Balance of an expense account

Q : Sterilize a mattress used by a patient with bubonic plague

Q : Create mrp planning schedule showing gross requirements

Q : How long has the company owned the asset

Q : Negative and positive use of legitimate power in workforce

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