An adjusting entry that debits Accounts Receivable is an example of a(n)________.
A) deferred expense
B) accrued revenue
C) accrued expense
D) deferred revenue

Name: An adjusting entry that debits Accounts Receivable is an example of a(n)________. A) deferred expense B) accrued revenue C) accrued expense D) deferred revenue
Brand: Quizplus
Rating: 4.9 (28 reviews)

Question

Quizplus · Accepted Answer

An adjusting entry that debits Accounts Receivable is an example of an accrued revenue. This is because the revenue has been earned but not yet received or recorded.

An Adjusting Entry That Debits Accounts Receivable Is an Example