Which of the Following Is Not Considered a Basic Type

question 18

Multiple Choice

Which of the following is not considered a basic type of adjusting entry? 124)

• A)An entry to convert an asset to a liability.
• B)An entry to accrue unpaid expenses.
• C)An entry to accrue uncollected revenue.
• D)An entry to convert a liability to a revenue.
• E)An entry to convert an asset to an expense.

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Definitions:

Trade Secrets

Confidential business information that provides a competitive edge, such as formulas, practices, processes, designs, instruments, or patterns.

Former Employee

A person who has terminated their service or employment with an organization.

Employer

An individual or organization that hires and pays people for their work.

Digital Millennium Copyright Act

A U.S. law that addresses the rights of copyright holders in the digital age, imposing limitations on the use of copyrighted digital materials.