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If an adjusting entry is not made for an accrued expense, a. expenses will be overstated, b. liabilities will be understated. c. net income will be understated. d. equity will b…

If an adjusting entry is not made for an accrued expense, a. expenses will be overstated, b. liabilities will be understated. c. net income will be understated. d. equity will b…
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If an adjusting entry is not made for an accrued expense,

a. expenses will be overstated,
b. liabilities will be understated.
c. net income will be understated.
d. equity will be understated.​

asked
User Mostar
by
8.3k points

1 Answer

4 votes

Answer:

c. net income will be understated.

answered
User Guz
by
8.4k points
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