Which pair of accounts has the same set of rules for debit and credit entries? expenses and dividends. revenues and dividends. supplies expense common stock. accounts receivable and accounts payable. At the end of the fiscal year, the usual adjusting entry to recognize supplies expense was omitted. Which of the following statements is true? Total liabilities and total assets will be understated. Total assets will be overstated and total expenses will be understated at the end of the current year. The balance sheet and income statement will be misstated, but the retained earnings statement will be correct for the current year. Net income will be correct for the current year.