At the End of the Accounting Period,a Company Has Accrued

question 168

Multiple Choice

At the end of the accounting period,a company has accrued interest revenue that they will not receive until the next accounting period.The adjusting entry would include a:

• A)debit to Interest Expense.
• B)debit to Interest Payable.
• C)debit to Interest Revenue.
• D)debit to Interest Receivable.

---

Definitions:

Electronic Tendering

The process of submitting and receiving bids and tenders for goods and services over the internet.

Reverse Auction

A type of auction in which sellers bid to provide goods or services to a buyer, and prices typically decrease as vendors compete.

Virtual

Referring to something that is not physically existing but made by software to appear to do so.

Online

Connected to or available through the internet or another computer network.