A Journal Entry Contains a Debit to an Asset Account

question 115

Multiple Choice

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

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

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Definitions:

United States

A country in North America consisting of 50 states and a federal district, known for its diverse geography, culture, and being a global economic and political power.

Cluster Headaches

A neurological disorder characterized by severe headaches on one side of the head, often around the eye, in a series or "clusters."

Recurrent

Occurring repeatedly over a period of time.

Tolerance

The body's reduced response to a substance (like a drug) due to repeated use, which often leads to needing larger doses to achieve the original effect.