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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
When a prepaid expense is recorded initially as an asset, the adjusting entry transfers the used portion of the asset to the expense account.
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Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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KryzenKryzen
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Helped a lot
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