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Author Question: If revenue is earned over two fiscal periods, one should initially credit the Unearned Revenue ... (Read 56 times)

Sportsfan2111

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on: Jul 6, 2018
If revenue is earned over two fiscal periods, one should initially credit the Unearned Revenue account.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The Unearned Revenue adjustment can occur only in merchandising businesses.
 a. True
   b. False
   Indicate whether the statement is true or false


Kdiggy

  • Sr. Member
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  • Posts: 340
Reply #1 on: Jul 6, 2018
Answer to Question 1

True

Answer to Question 2

False


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