An Adjusting Entry That Decreases Unearned Revenue and Increases Service

question 56

True/False

An adjusting entry that decreases unearned revenue and increases service revenue is a claims exchange transaction.

---

Definitions:

Activity

An action or task that is part of a process or program, often contributing to achieving a goal or outcome.

Cost Of Electricity

The amount of money charged for the consumption of electrical energy provided by a utility company or generated by self, often measured in kilowatt-hours (kWh).

Manufacturing Facility

A site equipped with machinery and tools specifically designed for the production of goods.

Manufacturing Overhead

All costs incurred in the production process that cannot be directly attributed to specific units produced, such as maintenance and utilities.