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Author Question: Adjusting entries that are made to reflect differences between the actual and recorded value of an ... (Read 26 times)

ishan

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Question 1

Depreciation expense and bad debt expense are examples of which type of adjusting journal entry?
◦ Deferrals.
◦ Accruals.
◦ Closing.
◦ Estimates.

Question 2

Adjusting entries that are made to reflect differences between the actual and recorded value of an asset or a change in accounting principle are called
◦ reconciliations.
◦ revaluations.
◦ estimates.
◦ accruals.


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Marked as best answer by ishan on Apr 8, 2019

morganmarie791

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ishan

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Reply 2 on: Apr 8, 2019
Great answer, keep it coming :)


robbielu01

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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