A Journal Entry Contains a Debit to a Liability Account

question 127

Multiple Choice

A journal entry contains a debit to a liability account and a credit to a revenue account.This is an example of a(n) :

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

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Definitions:

Craving

A powerful and intense desire or longing for something, often related to addiction or emotional needs.

Cocaine Addict

Refers to an individual who is dependent on the psychoactive drug cocaine, characterized by the compulsion to use the substance despite harmful consequences.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Barbiturates

A class of drugs that act as central nervous system depressants, historically used for anxiety, insomnia, and seizure disorders, but now less common due to risk of dependency.