Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 48 - No. 35)
Which of the following is an example of an adjusting entry?
Recording the sale of goods.
Recording the receipt of cash from a customer.
Recognizing depreciation expense.
Accruing interest expense.
Explanation
Adjusting entries ensure that revenues and expenses are recorded in the correct accounting period, and these are examples.
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