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:

High-Level

A term used to describe activities or plans that are of great importance or operate at a senior decision-making level.

Validated Learning

An approach in lean startup methodology where insights and understanding are gained by trying out initial ideas and iteratively testing them with users.

Prototype

A preliminary model or version of a product used to test and refine design and functionality before final production.

Iteration

The process of repeating a sequence of operations or activities in order to generate a desired outcome or improve a product, system, or design.