If the effect of the credit portion of an adjusting entry is to increase the balance of

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If the effect of the credit portion of an adjusting entry is to increase the balance of a liability account, which of the following statements describes the effect of the debit portion of the entry?
(a) Increases the balance of an expense account.
(b) Increases the balance of a revenue account.
(c) Increases the balance of an asset account.

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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