Which of the following entries is an example of asset consumption recognised over future time periods?
A. DR Warranty expense $\quad $ CR Warranty liability

B. DR Supplies expense $\quad $ CR Supplies inventory

C. DR Customer deposits $\quad $ CR Service revenue

D. DR Supplies inventory $\quad $ CR Supplies expense

Question

Which of the following entries is an example of asset consumption recognised over future time periods?
A. DR Warranty expense  $\quad $ CR Warranty liability

B. DR Supplies expense  $\quad $ CR Supplies inventory

C. DR Customer deposits  $\quad $ CR Service revenue

D. DR Supplies inventory  $\quad $ CR Supplies expense

Quizplus · Accepted Answer

The Answer of Which of the following entries is an example of asset consumption recognised over future time periods?
A. DR Warranty expense  $\quad $ CR Warranty liability

B. DR Supplies expense  $\quad $ CR Supplies inventory

C. DR Customer deposits  $\quad $ CR Service revenue

D. DR Supplies inventory  $\quad $ CR Supplies expense

Which of the Following Entries Is an Example of Asset \quad

Which of the Following Entries Is an Example of Asset $\quad$