If a Company Has Earned Income Which Has Not Been

question 50

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:

Muscles

Tissues in the body that have the ability to contract, enabling movement of the body and its parts.

Thoughts

Mental processes in which ideas, opinions, or beliefs are formulated.

Cardiovascular System

A complex system consisting of the heart and blood vessels that circulates blood throughout the body to deliver oxygen and nutrients and remove waste products.

Hypertension

A medical condition in which the blood pressure in the arteries is persistently elevated, also known as high blood pressure.