An Adjusting Journal Entry Contains a Debit to an Expense

question 46

Multiple Choice

An adjusting journal entry contains a debit to an expense account and a credit to an asset account. This is an example of a(n) :

• A)accrued revenue.
• B)deferred revenue.
• C)accrued expense.
• D)deferred expense.

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Definitions:

Social Psychology

The examination of individuals' cognitive, influencing, and interpersonal relationships within societal environments through a scientific lens.

Thoughts

Mental processes involving reasoning, reflection, or contemplation, often influencing behaviors and emotions.

Feelings

Emotional responses or states that arise in reaction to one's circumstances, perceptions, or interactions.

Anthropology

The study of human culture—the shared values, beliefs, and practices of a group of people