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A liability account is credited when a prepaid expense is recorded initially as an expense. T or F?

gOOvER

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A liability account is credited when a prepaid expense is recorded initially as an expense. T or F?

A liability account is credited when a prepaid expense is recorded initially as an expense.
T or F?

Textbook

Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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Thank you, thank you, thank you!

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