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.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: On 1 November 2018 the publishers of
Q47: Which of these is not a name
Q48: Accrued salaries is a/an:<br>A) contra asset account.<br>B)
Q49: ABC Rentals collects rent from several properties.
Q50: The period of time over which a
Q52: The office supplies stock account is a/an:<br>A)
Q53: On the first day of the year
Q54: Obligations of the entity that can be
Q55: Preparing adjusting entries at the end of
Q56: _refers to the excess of current assets