To record the adjustment from a ________, the liability account is debited and the revenue account is credited at the end of the period
a. deferred revenue
b. accrued expense
c. deferred expense
d. accrued revenue
a
You might also like to view...
The first step in any marketing research project is to formulate the research design
Indicate whether the statement is true or false
Which of the following columns is typically included in a payroll register?
A) Direct Labor Hours Worked B) Warranties Payable C) Current Period Earnings D) Sales Tax
Which of the following accounts, will only be found in the chart of accounts of a merchandising company?
A) Sales B) Accounts Receivable C) Merchandise Inventory D) Accounts Payable
Which permits a secured lender to recover other property or income from a defaulting debtor if the collateral is insufficient to repay the unpaid loan?
A) Redemption right B) Deficiency judgment C) Disposition of collateral D) Retention of collateral