A Debit Entry Made to the Unearned Revenue Account and Credit

question 29

Multiple Choice

A debit entry made to the unearned revenue account and credit entry made to the revenue account at the end of the period is referred to as a(n)

• A)accrual.
• B)deferral.
• C)correcting entry.
• D)closing entry.

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Definitions:

Effort Justification

The phenomenon whereby people reduce dissonance by convincing themselves that what they suffered for is actually quite valuable.

Self-Concept Clarity

The degree to which one's beliefs about oneself are clearly and confidently defined, internally consistent, and stable.

Self-Concept Clarity

The extent to which an individual's beliefs about themselves are clearly and confidently defined, internally consistent, and stable.

Agoraphobia

The fear of places or situations that might cause panic, helplessness, or embarrassment, often leading to avoidance behaviors.