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Sagot :
The answer is option (d). Unearned Revenue accounts would likely be included in a deferral adjusting entry.
Adjusting entries known as deferrals are made for products that are acquired in advance but utilized up later (deferred costs) or when money is received in advance but earned later (deferred revenue). A deferral takes into account pre-paid costs or early income receipts. It is, in other words, payment paid or payment received for goods or services that have not yet been delivered. Unearned income, commonly referred to as deferred revenue, is the term used to describe advance payments a business gets for goods or services that will be provided or rendered in the future. not a problem. thee the the the the the er the the the.s the. the holder of the s. the the
To learn more about Unearned Revenue click the link below:
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