Question

an adjusting entry that debits and expense and credit a liability is which type?

prepaid expense

accrued expense

depreciation expense

Cash expense

Answer 1

An adjusting entry that debits an expense and credits a liability is called an accrued expense.

Accrued expenses are basically expenses which have not been paid but liability for which has been incurred. These are recorded as per the matching concept. That is to record an expense to the period to which it relates

Answer 2

Prepaid expense