Question: An adjusting entry that increases an asset and increases a revenue is known as a(n): Accrued expense. Deferred expense. Deferred revenue. Accrued revenue. Depreciation.

An adjusting entry that increases an asset and increases a revenue is known as a(n):

Accrued expense.

Deferred expense.

Deferred revenue.

Accrued revenue.

Depreciation.

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