What is true about expenses and liabilities? a. Expenses usually have the word expense in the account
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What is true about expenses and liabilities?
a. Expenses usually have the word “expense” in the account title.
b. Expenses represent additional sums earned by the company.
c. Liabilities represent sums of money owed by third parties to the company.
d. Liabilities usually have the word “payable” in the account title.
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The statement that is true about expenses and liabilities is d Liabilities usually have the word pay...View the full answer
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Related Book For 
Payroll Accounting 2023
ISBN: 9781264415618
9th Edition
Authors: Jeanette M. Landin, Paulette Schirmer
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