If the effect of an adjustment is to increase the balance of a liability account, which of the… 1 answer below »
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1. Identify the four different categories of adjustments frequently required at the end of an accounting period.
2. If the effect of an adjustment is to increase the balance of a liability account, which of the following statements describes the effect of the adjustment on the other account?
a. Increases the balance of a revenue account.
b. Increases the balance of an expense account.
c. Increases the balance of an asset account.
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