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Which statement is true about liabilities but not expenses A. They have a normal debit balance. B. They are due in the period they are incurred. C. They are on the company’s income statement D. They are
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43 votes
43 votes
Which statement is true about liabilities but not expenses

A. They have a normal debit balance.
B. They are due in the period they are incurred.
C. They are on the company’s income statement
D. They are recorded when owed

User Jitendra Solanki
by
2.6k points

1 Answer

14 votes
14 votes

Answer:

B. They are recorded when owed

Explanation:

Hope this helps

User Dvenkatsagar
by
2.9k points
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