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CTM_FAR CPA REVIEW > Accrual Accounting- Adjusting Entries > Flashcards

Accrual Accounting- Adjusting Entries Flashcards

1
Q

Adjusting Entry Type: (Accrual) or (Defferal)

Depreciation expense
—– Accumulated deprecation

A

Deferral

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2
Q

Adjusting Entry Type: (Accrual) or (Defferal)

Interest receivable    -----  Interest revenue
A

Accrual

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3
Q

Adjusting Entry Type: (Accrual) or (Defferal)

Rent expense
-----  Prepaid rent
A

Deferral

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4
Q

Adjusting Entry Type: (Accrual) or (Defferal)

Unearned revenue
-----  Rent revenue
A

Deferral

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5
Q

Adjusting Entry Type: (Accrual) or (Defferal)

Wage expense
-----  Wages payable
A

Accrual

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CTM_FAR CPA REVIEW (3 decks)

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