If a Company Has Earned Revenue for Which No Entry

question 13

Multiple Choice

If a company has earned revenue for which no entry has been recorded by the end of the accounting period,an adjustment should be made which would:

• A) debit an asset account and credit a revenue account.
• B) debit an expense account and credit cash.
• C) debit a revenue account and credit an asset account.
• D) debit an asset account and credit an expense account.

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Definitions:

Identity Conflicts

Disagreements that arise from differences in identity, values, beliefs, culture, or ethnicity.

Relational Issues

Concerns or problems that arise within interpersonal relationships, often related to communication, trust, or compatibility.

Identity

The way an individual perceives themselves, often influenced by personal, social, and cultural factors.

Urgency

The quality or state of requiring immediate attention or action.