Recording Interest Earned on an Investment Is an Example of Which

question 80

Multiple Choice

Recording interest earned on an investment is an example of which type of adjusting journal entry?

• A)Accrual entry.
• B)Deferral entry.
• C)Closing entry.
• D)Correcting entry.

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Definitions:

Mantrap

A security mechanism consisting of two or more interlocking doors, which regulates access into a secure area, one person at a time.

Security Cameras

Video recording devices used for monitoring and ensuring the security of a designated area.

ESD Strap

An item that fits around a technician’s wrist and connects to an electronic component so that the technician and the component are at the same voltage potential, thus preventing an electrostatic discharge event.

Surge Protector

A device that protects electrical appliances from voltage spikes by blocking excess electrical charge or diverting it to the ground.