Adjusting entries are necessary so that asset, liability, revenue, and expense account balances are correctly recorded.
正确
举一反三
- What type of account is Unearned Revenue (asset, liability, stockholders’ equity, revenue, or expense) and what is its normal balance, respectively?
- Unearned revenue is a (n) account. ( ) A: revenue B: expense C: liability D: asset
- Unearned Revenue is a ________ account and carries a ________ normal balance. A: liability; credit B: asset; credit C: revenue; debit D: asset; debit
- 中国大学MOOC: Incurred but unpaid expenses that are recorded during the adjusting process with a debit to an expense and a credit to a liability are:
- The increase of revenue should be ( ). A: debited to a revenue account B: debited to a expense account C: credited to a revenue account D: credited to a expense account
内容
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Adjusting entries are recorded in the general journal but are not posted to the accounts in the general ledger.( )
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Тhе Аllоwаncе fоr Асcоuntіng Rеceivable аccount іѕ а(n) ( ) A: expense account B: liability account C: owner' s equity account D: contra asset account
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The purchase of office supplies on account will: （ ）. A: Increase an asset and decrease a liability B: Increase one asset and decrease another asset C: Increase an asset and increase a liability D: Decrease an asset and decrease a liability
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Accrual means the recognition of an expense or revenue that has arisen but has not yet been recorded.
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Unearned Revenue is classified as a(n) ________ account. A: liability B: asset C: revenue D: equity