mathmathmath925 mathmathmath925
  • 20-11-2019
  • Business
contestada

Prepaid expenses require what type of adjusting entry?


Question 7 options:


Matched



Accumulated



Accrued



Deferral

Respuesta :

justinchinchar1
justinchinchar1 justinchinchar1
  • 24-02-2020

Answer:

MATCHED

Explanation:

TOOK THE TEST

"Expenses should be matched with revenues. A deferred expense or prepayment, prepaid expense, is an asset representing cash paid out to a counterpart for goods or services to be received in a later accounting period."

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