If a Company Has Earned Income Which Has Not Been

question 51

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) DR an expense account and CR cash.
• B) DR an income account and CR an asset account.
• C) DR cash and CR a liability account.
• D) DR an asset account and CR an income account.

---

Definitions:

Cultures

The collective beliefs, values, practices, and material goods of a group of people, shaping their way of life and interactions.

Cultural Norms

Norms that represent the shared expectations and rules guiding the behavior of individuals within specific groups, societies, or cultures.

Stealth Marketing

A marketing strategy that advertises a product to people without them knowing they are being marketed to.

Unethical

Actions or behaviors that go against moral principles or professional standards.