An adjusting journal entry that includes an increase to an expense account might also include an increase in a(n):
A)asset account.
B)related expense account.
C)revenue account.
D)contra-asset account.

Question

Quizplus · Accepted Answer

The adjusting entries to record depreciation and amortization include a credit to a contra-account.They also include a debit to an expense (Depreciation Expense or Amortization Expense),which would increase expenses.

An Adjusting Journal Entry That Includes an Increase to an Expense