Depreciation and bad debts expense are examples of which type of adjusting entries?
A)deferrals
B)accruals
C)revaluations
D)estimates

Name: Depreciation and bad debts expense are examples of which type of adjusting entries? A)deferrals B)accruals C)revaluations D)estimates
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

Depreciation and bad debts expense are examples of adjusting entries that involve estimates, as they require estimating the useful life of an asset and the amount of receivables that may not be collected, respectively.

Depreciation and Bad Debts Expense Are Examples of Which Type