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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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7 years ago
Incurring an expense in the current accounting period, which is paid in the current accounting period, will require:
A) a debit to an expense and a credit to a liability.
B) a debit to a liability and a credit to an expense.
C) a debit to an expense and a credit to cash.
D) a debit to an expense and a credit to capital.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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7 years ago
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gOOvER Author
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6 years ago
Incredible answer, really thank you
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