Question
A prepayment is originally recorded as an asset. Later, at the end of the accounting period, an adjustment is recorded causing a(n) ______ in the
A prepayment is originally recorded as an asset. Later, at the end of the accounting period, an adjustment is recorded causing a(n) ______ in the asset account and a(n) ______ in the expense account.
| decrease, increase | ||
| decrease; decrease | ||
| increase; increase | ||
| increase; decrease |
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Corporate Risk Management
Authors: Faisal F. Al-Thani, Tony Merna
2nd Edition
0470518332, 978-0470518335
