Which of the Following Transactions Constitutes an Accrual Adjustment Involving

question 10

Multiple Choice

Which of the following transactions constitutes an accrual adjustment involving a revenue account?

• A)Revenue earned,but not yet collected,on investments.
• B)Cash collected in advance of the revenue being earned.
• C)Wages incurred,but not yet paid to employees,at the end of the accounting period.
• D)Interest owed,but not yet paid,on a note payable.

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Definitions:

Hire

The act of engaging the services of a person or the use of an object or equipment, typically in exchange for payment.

United States

A country in North America consisting of 50 states, a federal district, and several territories, known for its diverse geography and multicultural population.

Workers' Compensation

Insurance that provides wage replacement and medical benefits to employees injured in the course of employment in exchange for the mandatory relinquishment of the employee's right to sue their employer.

Assembly Line

A manufacturing process in which parts are added in a sequential manner to create a finished product efficiently.