Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 47 - No. 41)
Which of the following transactions require an adjusting entry?
Receiving cash from a customer for services provided immediately.
Providing services for cash.
Incurring utility expenses but not yet paying the bill.
Paying salaries to employees.
Explanation
Accruing for unpaid utilities is an example of an adjusting entry.
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