An Adjusting Journal Entry Contains a Debit to an Expense

question 55

Multiple Choice

An adjusting journal entry contains a debit to an expense account and a credit to a contra account.This is an example of what type of adjusting entry?

• A)Accrued revenue
• B)Deferred revenue
• C)Depreciation expense
• D)Accrued expense

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Definitions:

Strong Arguments

Arguments where if the premises are true, the conclusion is likely to be true, showing a high degree of logical support.

Conclusion

The final statement in a logical argument that follows from the premises.

Importance

The state or fact of being of great significance or value.

Implicit Premise

A premise that is assumed by an argument but is not stated.