Recording Interest Earned on an Investment Is an Example of Which

question 68

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) revaluation entry
• D) correcting entry

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Definitions:

Water Scarcity

The condition where the availability of water resources is insufficient to meet the demands of a region's population.

Dessication

the process of drying out or dehydrating, often leading to the death of plants and animals in an ecosystem.

Deforestation

The large-scale removal of trees from forests or jungles, often to clear land for agricultural, residential or commercial development.

Overgrazing

The depletion of vegetation due to continuous feeding by an excessive number of grazing animals, leading to land degradation.