Which of the Following Accounts Would Likely Be Included in a Deferral

question 200

Multiple Choice

Which of the following accounts would likely be included in a deferral adjusting entry?

• A) Interest Revenue
• B) Unearned Revenue
• C) Salaries Payable
• D) Accounts Receivable

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Definitions:

Instant Access

The ability to obtain information or data immediately, without any delay.

Different Users

Various individuals or groups that use or interact with a product, service, or system, each with distinct needs and preferences.

Different Locations

Refers to various places or positions, sometimes indicating the presence of objects or activities in multiple areas.

Double-Entry Bookkeeping System

An accounting method that records each transaction in two accounts, debit and credit, to ensure financial records balance.