Question

It’s the end of the accounting period, and no electric bill has been received (but the expense has been incurred); you should record an entry that
A. increases the total assets and increases the total expenses.

C. increases the total liabilities and increases the total expenses.
D. decreases the total liabilities and increases the total expenses.

Answer 1

I dunno, I haven't taken accounting yet, sorry. :/

Answer 2

its fine

Answer 3

can u tag ppl that might b able to help

Answer 4

I would put C as my answer because after that period this would become a liability account.