Which of the Following Pairs of Accounts Could Not Be

question 128

Multiple Choice

Which of the following pairs of accounts could not be included in the same adjusting entry?

• A) Unearned Revenue and Revenue from Services
• B) Wages Expense and Wages Payable
• C) Interest Expense and Interest Receivable
• D) Rent Expense and Rent Payable

---

Definitions:

Foreign Currency

Currency used in a country that is different from the one in which a company operates, affecting financial transactions and reporting.

Depreciates

Refers to the reduction in the value of an asset over time, typically due to wear and tear, obsolescence, or usage.

Foreign Exchange Risk

The potential loss from fluctuations in exchange rates affecting the value of investments in foreign currencies.

Recognized Assets

Assets acknowledged on a company's balance sheet, including tangible and financial properties legally owned by a business.