Quiz 33: Adjusting Entries Quiz

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1. Adjusting entries always affect which type of accounts?
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2.The journal to record an accrued expense includes a credit to which account?
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3. If an adjusting entry is not made to accrue expenses, then the balance sheet liabilities will be?
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4. When are adjusting entries usually carried out?
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5. An adjusting entry to accrue revenue earned but not received at the end of an accounting period includes which type of entry to a balance sheet asset account?
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6. The depreciation adjusting entry to record the depreciation expense estimate for the accounting period requires a credit to which account?
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7. Adjusting entries are needed to comply with which accounting concept?
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8. Expenses paid in advance require what type of adjusting entry?
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9. Adjusting entries never involve which account?
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10. What is the normal balance on a deferred revenue account ?
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Quiz 33: Adjusting Entries Quiz December 14th, 2016Team

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