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Submitted by Jb96 on Sat, 2012-08-18 21:54
due on Wed, 2012-08-22 21:53
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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 02:10
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Answer

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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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