The Adjusting Entry for an Accrued Revenue Always Includes a Debit

question 29

True/False

The adjusting entry for an accrued revenue always includes a debit to a liability account and a credit to a revenue account.The debit is to an asset account.

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Definitions:

Cryptorchidism

A condition in males where one or both testicles fail to descend into the scrotum, potentially leading to fertility issues if untreated.

Testicles

male reproductive organs responsible for producing sperm and hormones, such as testosterone.

Urethra

A tube that carries urine from the bladder to the outside of the body.

Ventral Surface

The front or anterior surface of an organism or body part, particularly in animals.