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Question
Submitted by Jb96 on Sat, 2012-08-18 22:54
due on Wed, 2012-08-22 22:53
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If an accrual adjusting entry increases an expense and a liability, how does the balance sheet remain in balance?

If an accrual adjusting entry increases an expense and a liability, how does the balance sheet remain in balance?

Answer
Submitted by Asma on Sun, 2012-08-19 03:10
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Answer

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An expense xx a temporary xxxxxxx xxxxx xxxxxxx owner’s equity xx stockholders’ equity. The decrease in xxxxxxxxx equity xxxx offset xxx increase xx the liability xxxxxxxx


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Answer
Submitted by neel on Sun, 2012-08-19 08:27
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adjusting entry

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xxxx xxx xxxxx

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If an xxxxxxx adjusting xxxxx xxxxxxxxx an expense xxx a liability, xxx does the balance xxxxx xxxxxx xx balance?

Answer

Owner’s equity xxx stockholder’s xxxxxx mentioned in the xxxxxxx sheet always xxxx xxxxxxx by expenses. Reduction in the xxxxxx’ xxxxxx gets xxxxxxxxxxxxxx with increase in xxx xxxxxxxxx account , thus xxxxxxxxx a xxxxxxx in the xxxxxxx sheet.


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