Which of the following accounts would likely be included in a deferral adjusting entry?


Which one of the following accounts below would li

Answer

d.Unearned Revenue Revenues are deferred when cash is received before the work is completed Unearned revenue is the liability till Revenue Accrued. Unearned Revenue is deferred till it is accrued The following adjusting entry is when Revenue is accrued


Debit Unearned revenue XXX
             Credit Revenue                       XXX

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