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Which recognize prepaid expenses that become actual expense

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Question 1: To recognize prepaid expenses that become actual expenses, use adjusting entries? (At present we need to expense out whereas in past we already book prepaid expense against cash)

A. Decrease your Prepaid Expense account and increase your actual Expense account

B. Increase your Prepaid Expense account and decrease your actual Expense account

C. Increase your Prepaid Expense account and decrease your cash account

D. None of the above

Reference no: EM132599306

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