What Is the Adjustment Entry for That Portion of Revenue

question 154

Multiple Choice

What is the adjustment entry for that portion of revenue received in advance which has now been earned?

• A) Unearned Revenue - Debit; Cash - Credit.
• B) Unearned Revenue - Debit; Revenue from Services - Credit.
• C) Revenue from Services - Debit; Unearned Revenue - Credit.
• D) Cash - Debit; Unearned Revenue - Credit.

---

Definitions:

Performance Appraisal

A formal assessment process in which an employee's job performance is evaluated, typically by their manager, using established standards to guide improvements and professional development.

Rating Scales

Tools or instruments used to assign a value to a variable or to measure a subject's behavior, feelings, or perceptions along a continuum.

Structured Interviews

An interview technique where all candidates are asked the same set of predetermined questions in the same order.

Halo Error

A bias in performance appraisals that occurs when an evaluator's overall impression of a person influences their judgment about specific qualities.