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:

Physical Exercise

Physical Exercise is any bodily activity that enhances or maintains physical fitness and overall health and wellness.

Hunger-Arousing Hormone

This refers to ghrelin, a hormone produced by the stomach, which signals the brain to promote the sensation of hunger.

Hunger-Suppressing Hormone

A hormone, such as leptin, that helps regulate appetite by signaling satiety to the brain and suppressing hunger.

Sleep Deprivation

A condition resulting from insufficient sleep, which can impair cognitive function, mood, and overall health.