Which of the Following Accounts Would Be Placed After the Debit(s)in

question 51

Multiple Choice

Which of the following accounts would be placed after the debit(s) in a journal entry?

• A)Interest Payable,when it has been decreased.
• B)Accounts Receivable,when it has been decreased.
• C)Unearned Revenue,when it has been decreased.
• D)Withdrawals,when it has been increased.

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Definitions:

Cost Reduction Objective

A strategic goal aimed at decreasing expenses to improve profitability without compromising the quality of products or services.

Target Cost

A cost management approach in which the selling price and desired profit of a product or service determine its allowable cost.

Current Cost

Current Cost is the cost that would be incurred to replace an asset or resource at its present value, reflecting its current market price rather than its historical cost.

Target Costing

A pricing strategy where a product’s selling price is determined first based on market conditions, and then the manufacturing cost is managed to ensure profitability.