Which of the Following Pairs of Accounts Could Not Appear

question 132

Multiple Choice

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

• A) Service Revenue and Unearned Revenue
• B) Interest Income and Interest Expense
• C) Rent Expense and Prepaid Rent
• D) Salaries Payable and Salaries Expense

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Definitions:

AASB 141

This is the Australian Accounting Standards Board's standard related to Agriculture, providing the accounting requirements for agricultural activity.

IAS 41

International Accounting Standard 41, which governs the accounting for agriculture.

Estimated Costs

Costs that are predicted based on historical data, trends, and analyses, used for budgeting, planning, and decision-making purposes.