Which of the Following Entries Records the Adjustment for Revenue

question 11

Multiple Choice

Which of the following entries records the adjustment for revenue earned,but not yet collected?

• A)Debit Accounts Receivable and credit Sales Revenue.
• B)Debit Sales Revenue and credit Accounts Receivable.
• C)Debit Deferred Revenue and credit Sales Revenue.
• D)Debit Accounts Receivable and credit Deferred Revenue.

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Definitions:

Null Hypothesis

A hypothesis that assumes no significant difference or relationship exists in the general population from which a sample is drawn.

Variance

A measure of the dispersion of a set of data points around their mean; the square of the standard deviation.

Level of Significance

The probability threshold below which the null hypothesis is rejected in hypothesis testing, typically denoted by alpha (α).

Null Hypothesis

A statement that there is no effect or no difference, and it serves as the default or starting assumption in hypothesis testing.