Asked by
Edward Hayes [Student]
on Oct 28, 2024
Verified
Which of the following journal entries is created to adjust for a previously recorded deferral?
A) 
B) 
C) 
D) 
Deferral
An accounting principle where revenue or expenses are recognized at a later date than when they were initially incurred.
- Master the application and understanding of suitable journal entries for a variety of accounting adjustments, encompassing accruals, deferrals, and prepaid expense adjustments.
Verified Answer
SR
Learning Objectives
- Master the application and understanding of suitable journal entries for a variety of accounting adjustments, encompassing accruals, deferrals, and prepaid expense adjustments.
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