ADJUSTING JOURNAL ENTRIES Flashcards
1
Q
4 TYPES OF ADJUSTING JOURNAL ENTRIES
A
- PREPAID EXPENSES
- DEFERRED REVENUES
- ACCRUED EXPENSES
- ACCRUED REVENUES
2
Q
2 PREPAID EXPENSE EXAMPLES
A
BUYING URINE CUPS ON NET 30
OR
PAYING CASH FOR CUPS NOT FOR LATER USE