MCQs>Finance & Management>Bookkeeping>If a supplier's invoice is recorded on the last day of the year for future services, one side of the entry should be accounts payable, and the other entry should be to which account?
Bookkeeping MCQs
If a supplier's invoice is recorded on the last day of the year for future services, one side of the entry should be accounts payable, and the other entry should be to which account?
Answer
Correct Answer: Prepaid Expense
Explanation:
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