An example of an adjusting entry for deferred items is:

a. expense to asset

b. asset to expense

c. revenue to liability

d. liability to expense

Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/06/10

Upvote (2) Views (5) Followers (3) Answers (2) Report Question

by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes Option2 is the right answer.

by Shazia Anees , Assistant Manager Finance , Arham Trading Company

b. asset to expense=============

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Top Answer: can you give the answer and explain how See More

Answers (2)
Adjusting entries never involve which account?
Top Answer: 3. Cash .......................................................................................... ... See More

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Analyse and advice. In a cold country, a hotel changes its carpet every year. Whether such expense is Capital or Revenue?
Top Answer: it is Revenue expenditure since its from the normal course of business See More

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Fixed assets 400000 equity 150000 Liabilities 450000
Top Answer: Assets = Equity + Liabilities Current Assets =60000 -40000 =20000 Answer is (D)20000 ... See More

Answers (4)

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