ACC111 My Subscriptions / Courses ACC11/Chapter 3/ Chapter 3 Quia Pog An adjusti

Question

ACC111 My Subscriptions / Courses ACC11/Chapter 3/ Chapter 3 Quia Pog An adjusting entry to record utilities used during a month for which no bill has yet been received is an example of one: O Accruing expenses to reflect expenses inarred during the accounting period that are not yet paid or necorded Allocating revenues received in advance to revenue to reflect actual revenues earned during the accounting peniod OAllocating assets to expense to reflect the actual operating expenses incurred during the accounting period necorded to reflect revenues earned during the accounting period that are not yet received or Previous page

Explanation / Answer

Accruing expenses to reflect expenses incurred during the accounting period that are not yet paid or recorded. Option 1 is correct

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