If, during an accounting period, an expense item has been incurred and consumed

If, during an accounting period, an expense item has been incurred and consumed but not yet paid for or recorded, then the end-of-period adjusting entry would involve

A. a liability account and an asset account.

B. a liability account and an expense account.

C. a receivable account and a revenue account.

D. an asset or contra asset account and an expense account.

intermediate Accounting final examination acc421

Acc421 Acc/421 Acc 421 Final Exam examination

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