Given the following adjustment data, state whether the resulting adjustment will be a deferral or an accrual
-Performed services on account, payment to be received next month.

Name: Given the following adjustment data, state whether the resulting adjustment will be a deferral or an accrual -Performed services on account, payment to be received next month.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is an accrual because the company has performed services but has not yet received payment, indicating revenue earned but not yet received.

Given the Following Adjustment Data, State Whether the Resulting Adjustment