Deferral Type Adjustments Occur When Cash for Expenses Is Paid

question 22

Multiple Choice

Deferral type adjustments occur when cash for expenses is paid in advance or cash from incomes is pre-collected.How many of the following will require a deferral type adjustment?
? Rent paid for in advance
? Buildings to be depreciated
? Rent collected in advance from tenants
? Stationery used by the office staff during the period

• A)1
• B)2
• C)3
• D)4

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Definitions:

Carl Rogers

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