Question: Adjustments involve increasing both an expense account and a liability account. The adjustment causes an increase in an asset account and an increase in a

Adjustments involve increasing both an expense account and a liability account.
The adjustment causes an increase in an asset account and an increase in a revenue account.
They refer to earnings which have been earned but not yet billed.
They refer to revenues that are earned in a period, but have not been received and are unrecorded.
Accounts receivable is usually increased when accruing revenues.

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