How to solve this? 6 Which of the following would be the correct adjustment if there was an increase in anaccrual?Select one:O a. None of the above statements are correcto b. The amount of the increase is added (credited) to the expense on the income statement and the increase isdeducted (debited) to the existing accrual in the balance sheetO c. The amount of the increase is included as an expense (a debit) on the income statement and the increase isadded (credited) to the existing accrual in the balance sheeto d. The amount of the increase is deducted (credited) from the expense on the income statement and the increaseis added (debited) to the existing accrual in the balance sheet

as per the accounting principal and practice ; Every DEBIT has an equal Credit. Every Debit are…

Answered: Which of the following would be the…

Business

Accounting

Which of the following would be the correct adjustment if there was an increase in an accrual?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 4PB: Identify which type of adjustment is associated with this account, and what the other account is in...

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Question

How to solve this? 6

Which of the following would be the correct adjustment if there was an increase in an
accrual?
Select one:
O a. None of the above statements are correct
o b. The amount of the increase is added (credited) to the expense on the income statement and the increase is
deducted (debited) to the existing accrual in the balance sheet
O c. The amount of the increase is included as an expense (a debit) on the income statement and the increase is
added (credited) to the existing accrual in the balance sheet
o d. The amount of the increase is deducted (credited) from the expense on the income statement and the increase
is added (debited) to the existing accrual in the balance sheet

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