Question

Accruing a liability always involves ________ expenses and ________ liabilities.

Multiple Choice
A. increasing; increasing
B. increasing; decreasing
C. decreasing; increasing
D. decreasing; decreasing

Answer 1

Accruing a liability always involves increasing expenses and decreasing liabilities.

Step-by-step explanation:

The correct answer is B. increasing; decreasing. Accruing a liability involves increasing expenses and increasing liabilities.