Which of the Following Is Not Considered an End-Of-Period Adjusting

question 4

Multiple Choice

Which of the following is not considered an end-of-period adjusting entry?

• A)The entry to record the portion of unexpired insurance which has become expense during the period.
• B)An entry to record revenue that has been earned but has not yet been billed to customers.
• C)The entry to record depreciation expense.
• D)An entry to record repayment of a bank loan and to recognize related interest expense.

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Definitions:

Increasing Role

A situation where the importance or responsibilities of a position or function within an organization grows over time.

Personal Services

Services provided on a personal level, often involving direct person-to-person interaction or customized services catering to individual needs or preferences.

Connected Economy

An economic system characterized by the increased connectivity of people, businesses, and devices, facilitated by the internet and digital technologies.

Senior Managers

Are high-level executives who are responsible for overseeing the operations and strategic direction of a company or a significant part of it.