Which of the following would cause a contra-asset to be credited and an expense debited?
A. Recording an accrued expense
B. Recording the consumption of supplies
C. Recording the building depreciation

It is the end of the year but not the end of the pay period. How will this affect the balance sheet?

B. Liabilities will be increased.

D. This has no effect on the period-end balance sheet.

Question

Which of the following would cause a contra-asset to be credited and an expense debited?
  A. Recording an accrued expense 	
  B. Recording the consumption of supplies 	
  C. Recording the building depreciation

It is the end of the year but not the end of the pay period. How will this affect the balance sheet?

B. Liabilities will be increased. 	
 	
  D. This has no effect on the period-end balance sheet.

sedatefrog712 · Answer

Contra-assets have to do with property, plant and equipment so I thin the answer is quite obvious

sedatefrog712 · Answer

And the last one just give the answer away

sedatefrog712 · Answer

Do you see what I mean

anonymous · Answer

Are you saying you think it's either b or d @bvbarmy17

sedatefrog712 · Answer

Because the first one is kind of obvious but the second one are you just showing us what you think the answer might be

anonymous · Answer

the answer to the second one has to be on of thos e

sedatefrog712 · Answer

ok  se theres honestly no change if you think

anonymous · Answer

ohh i thought the question was D and you thought B and D were the answer to it my mistake understood wrong