Which of the Following Pairs of Accounts Could Not Be

question 48

Multiple Choice

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

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

---

Definitions:

Convergence Projects

Initiatives aimed at harmonizing different sets of accounting standards and practices across various jurisdictions.

Revenue Recognition

The accounting principle that dictates the specific conditions under which revenue is recognized or accounted for.

Joint Ventures

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.

Copyright

Legal protection provided to the creators of original works of authorship, including literary, dramatic, musical, and certain other intellectual works.