If a Company Has Earned Income Which Has Not Been

question 18

Multiple Choice

If a company has earned income which has not been received in cash at the end of the accounting period an adjustment should be made which will:

• A)Debit an asset account and credit an income account
• B)Debit an expense account and credit cash
• C)Debit an income account and credit an asset account
• D)Debit an asset account and credit an expense account

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Definitions:

Development

The process of growth, progress, or evolution of something, often referring to physical, emotional, or intellectual advancement.

Sexual Feelings

Emotions and physical sensations associated with attraction and desire towards others, often a part of human sexuality and relationships.

Adolescence

A period marked by the transition in both body and mind, usually extending from puberty until reaching the age of legal majority.

Intimacy

The sense of close personal connection and mutual vulnerability shared between individuals, often in the context of a close relationship.