In the Case of Deferred Revenue,the Adjusting Entry at the End

question 212

True/False

In the case of deferred revenue,the adjusting entry at the end of the period includes a credit to Service Revenue.Assume the deferred revenue is initially recorded as a liability.

---

Definitions:

Adipose Tissue

A type of connective tissue that stores energy in the form of fat, provides insulation, and supports and protects organs.

Subcutaneous Layer

The layer of tissue directly under the skin, composed of fat and connective tissues that insulate and protect the body.

Body Temperature

The assessment of how the body can create and dispel heat, vital for the upkeep of metabolic functions.

Hair Root

The part of the hair located beneath the skin's surface, lodged in the hair follicle, from which the hair grows.