An adjusting entry normally is reversed if the adjusting entry creates a balance in
A) a revenue or expense account.
B) a revenue and liability account.
C) an expense and asset account.
D) an asset or liability account.

Question

Quizplus · Accepted Answer

The Answer of An adjusting entry normally is reversed if the adjusting entry creates a balance in
A) a revenue or expense account.
B) a revenue and liability account.
C) an expense and asset account.
D) an asset or liability account.

An Adjusting Entry Normally Is Reversed If the Adjusting Entry