The three basic categories of adjusting entries are:
A) deferrals, depreciation and accruals.
B) deferrals, unearned and accruals.
C) depreciation, deferrals and closing.
D) accruals, deferrals and reversing.
Correct Answer:
Verified
Q41: If deferred revenue has been earned by
Q50: Prepaid expenses will:
A)become expenses when their future
Q52: The term deferral refers to an event
Q53: An expense that is paid in advance
Q54: Which term refers to the allocation of
Q56: In a deferral adjustment, the expense or
Q59: The unearned revenue adjustment decreases both net
Q60: Unearned service revenue is a current liability
Q73: The accumulated depreciation account decreases over the
Q80: The adjusting entry to recognize unpaid salaries
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