Question 1 of 10 Which type of adjusting entry is used to record a payment a company makes in advance? O A. Deferred expense B. Accrued revenue C. Deferred revenue D. Accrued expense

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07-03-2021
Business

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Question 1 of 10 Which type of adjusting entry is used to record a payment a company makes in advance? O A. Deferred expense B. Accrued revenue C. Deferred revenue D. Accrued expense

Sagot :

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lyoung283 lyoung283 · Answer 1 · 2021-03-07T07:13:45-05:00

lyoung283 lyoung283

07-03-2021

Answer:

A - Deferred expense

Explanation:

deferred refers to something that has not happened yet, and since you are not recording a payment received it cannot be deferred revenue, since it is for an advanced payment the answer is A - Deferred expense.

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2024bellikag 2024bellikag · Answer 2 · 2021-03-22T18:21:46-04:00

2024bellikag 2024bellikag

22-03-2021

Answer:

A. deferred expense

Explanation:

A p e x

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