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Author Question: Adjusting entries that are made to recognize revenue that has been received but not yet earned are ... (Read 55 times)

tatyanajohnson

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Question 1

Immediately after the adjusting entries are posted, the next step in the general ledger and reporting system is to prepare
◦ an adjusted trial balance.
◦ closing entries.
◦ financial statements.
◦ an unadjusted trial balance.

Question 2

Adjusting entries that are made to recognize revenue that has been received but not yet earned are classified as
◦ estimates.
◦ deferrals.
◦ accruals.
◦ revaluations.


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Marked as best answer by tatyanajohnson on Apr 8, 2019

lorealeza

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tatyanajohnson

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Reply 2 on: Apr 8, 2019
YES! Correct, THANKS for helping me on my review


bblaney

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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