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The Adjusting Entry for Unearned Revenue Always Involves an Asset

question 110

True/False

The adjusting entry for unearned revenue always involves an asset account and a revenue account.


Definitions:

Contains Information

Refers to data or content that is held within a document, database, or another medium.

Recurrence Pattern

The specification for how frequently an event repeats, such as daily, weekly, or monthly, in calendaring and scheduling software.

Regular Intervals

Consistently spaced points in time or space.

To Text Box

A feature in software that allows users to input text into a designated box, often used in forms or as part of a graphical user interface.

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