Each of the following is a major type of adjusting entries except: a) Prepaid Expenses b) Accrued Revenues c) Accrued Expenses d) Earned Revenue.?

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Question ajoutée par Said Shaban , Accountant , Tri State Materials Testing
Date de publication: 2015/08/08

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par Sandeep Panchal , accountant general , Future Services general trading and contracting co

Prepaid enrty is not a adjusting entry because we have earned in current period for the next year.

par Krishnan Kallippal , Manager Finance and Internal Audit , KAEFER L.L.C

Correct answer is Option (A) Prepaid expense

par Ahmer Zamir , Consultant , Saleem Associates & Co

Prepaid Expenses is not an adjusting entry Option a) is correct

par Murtaza Kalabhai , Accountant , Al Raj Mobile Phones Trading L.L.C

RIGHT ANSWER IS

OPTION D: EARNED REVENUE.

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