Which type of adjustment occurs when cash is either collected or paid, but the related income or
Question:
Which type of adjustment occurs when cash is either collected or paid, but the related income or expense is not reportable in the current period?
A. Accrual
B. Deferral
C. Estimate
D. Cull
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Concept introduction Adjusting entries are required to adjust the accounts according to the accrual ...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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