At the End of the Year, Accrual Adjusting Journal Entries

question 66

Multiple Choice

At the end of the year, accrual adjusting journal entries could include a:

• A) debit to an expense and a credit to an asset.
• B) credit to a revenue and a debit to an expense.
• C) debit to cash and a credit to contributed capital.
• D) debit to an expense and a credit to a liability.

---

Definitions:

B2C

Business-to-Consumer, referring to the process of selling products and services directly to consumers who are the end-users.

C2B

Consumer to Business, a business model where consumers (individuals) create value or products that businesses purchase, consume or use, essentially reversing the traditional business-to-consumer (B2C) model.

C2C

Consumer-to-Consumer, a business model that facilitates the transaction of products or services between customers, typically using the internet.

BBC

The British Broadcasting Corporation, a public service broadcaster providing television, radio, and online services in the United Kingdom and worldwide.