A Journal Entry Contains a Debit to an Asset Account

question 15

Multiple Choice

A journal entry contains a debit to an asset account and a credit to a revenue account. This is an example of a(n) :

• A) deferred expense
• B) unearned revenue
• C) accrued expense
• D) accrued revenue

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Definitions:

Acrosome

A cap-like structure over the anterior part of a sperm's head, containing enzymes that help the sperm penetrate the egg.

Sperm

Male reproductive cells designed for fertilization of the female ovum, contributing half of the genetic information to the offspring.

Egg

A reproductive cell produced by female organisms, capable of developing into a new individual upon fertilization.

Endoderm

Innermost primary tissue layer of an animal embryo that gives rise to the linings of the digestive tract and associated structures.