mathmathmath925 mathmathmath925
  • 20-11-2019
  • Business
contestada

Prepaid expenses require what type of adjusting entry?


Question 7 options:


Matched



Accumulated



Accrued



Deferral

Respuesta :

justinchinchar1
justinchinchar1 justinchinchar1
  • 24-02-2020

Answer:

MATCHED

Explanation:

TOOK THE TEST

"Expenses should be matched with revenues. A deferred expense or prepayment, prepaid expense, is an asset representing cash paid out to a counterpart for goods or services to be received in a later accounting period."

Answer Link

Otras preguntas

Assuming that a cheese sandwich consists of 2 slices of bread and 3 slices of cheese determine the number of whole cheese sandwiches that can be prepared from 5
whats 15= -15 - 8u equals to?
According to the 14th amendment what must the government do before taking a persons property
How does the surplus of food lead to the creation of cities and civilizations?
1,5,9,13,17 is this an arithmetic sequence
Can someone help me I'm lost
Lynn and Jason love seeing their children excel. What part of speech is the word "love" in this sentence? Noun, Adjective, Verb, Preposition
which type of question does geospatial technology help geographers to answer?
D. 10.83 Math question Please Help don't Guess
Does it take longer to get a bachelor through community college