take c entry i to i which of the a increases the balance of

take .c entry i to i which of the a. increases the balance of a liability account b. decreases the balance of an expense account increases the balance of an asset account

Solution

Answer is A.

Increase the balance of an expense account means an addition to expenses.

When an expense is incurred, either a liability is created or an asset is reduced.

When a liability is created it increases the balance of a liability account.

Therefore b and c are not correct.

d is the effect of the debit side of the entry.

Hence a is the right answer.

 take .c entry i to i which of the a. increases the balance of a liability account b. decreases the balance of an expense account increases the balance of an as

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