Question
If a Utilities expense is incurred in February and was paid for in advance in January, the following will be an effect on the financial
If a Utilities expense is incurred in February and was paid for in advance in January, the following will be an effect on the financial statements in February
a.
A liability increases
b.
An asset decreases
c.
An asset increases
d.
An expense decreases
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Certified Internal Auditor CIA Practice Of Internal Auditing Part 2- 2019
Authors: Muhammad Zain
1st Edition
1093798459, 978-1093798456
