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benjamin matray
on Oct 28, 2024

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Which of the following adjusting journal entries is created as the result of an accrual?

A) Which of the following adjusting journal entries is created as the result of an accrual? A)    B)    C)    D)
B) Which of the following adjusting journal entries is created as the result of an accrual? A)    B)    C)    D)
C) Which of the following adjusting journal entries is created as the result of an accrual? A)    B)    C)    D)
D) Which of the following adjusting journal entries is created as the result of an accrual? A)    B)    C)    D)

Accrual

An accounting principle that recognizes revenues and expenses when they are incurred, regardless of when cash transactions occur.

Adjusting Journal Entries

Entries made at the end of an accounting period to update balances of revenues and expenses to reflect the correct amounts earned or incurred during a period.

  • Learn about the relationship between deferrals, accruals, and adjusting entries.
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Saburi PatekarOct 30, 2024
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