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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

body preview (28 words)

xx expense xx x xxxxxxxxx account xxxxx xxxxxxx owner’s xxxxxx xx xxxxxxxxxxxxxxx equity. The decrease xx owner’s equity xxxx offset the xxxxxxxx xx xxx 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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xx an accrual xxxxxxxxx entry xxxxxxxxx xx xxxxxxx and a xxxxxxxxxx xxx does xxx balance sheet xxxxxx in xxxxxxxx

Answer

xxxxx’x xxxxxx xxx xxxxxxxxxxx’s xxxxxx mentioned xx xxx xxxxxxx xxxxx always gets xxxxxxx by expenses. Reduction in xxx xxxxxx’ equity gets xxxxxxxxxxxxxx xxxx xxxxxxxx xx xxx xxxxxxxxx xxxxxxx x xxxx resulting a balance xx the balance sheet.


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