Answer 1 of 10: I have been searching for apartments and hotels in Barcelona and they all seem to have double or twin beds. Are there any queen or king size beds to be found? It seems to me the largest beds are doubles. Thanks for any info.
Correct Answer: To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period. â¢ Question 8 0.5 out of 0.5 points Which type of account is always credited during the closing process? Answer Selected Answer: Expense. Correct Answer: Expense.
1 The matching principle dictates that accountants record expenses in the period when they are incurred and that they are offset against their corresponding revenues. 2  The implication of this principle is that you cannot always wait until cash changes hands to record an expense.ake the appropriate adjusting entry. You accrue expenses by recording an adjusting entry to the general ledger. Adjusting entries occur at the end of the accounting period and affect one balance sheet account (an accrued liability) and one income statement account (an expense).