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

---

Definitions:

Use Of Checks

The practice of using checks as a method of payment; involves writing, issuing, or receiving checks as a way to transfer money.

14th Century

The period extending from the year 1301 to 1400 in the Gregorian calendar, marked by significant historical events globally.

After World War II

The period following the end of the second global conflict in 1945, characterized by the establishment of the United Nations, the beginning of the Cold War, and significant social and economic changes worldwide.

Overdraft

An amount beyond what is currently in the account.