The adjusting entry for unearned revenue should a. debit the expenses account and credit the asset account.

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The adjusting entry for unearned revenue should

a. debit the expenses account and credit the asset account.

b. debit the expenses account and credit the liability account.

c. debit the asset account and credit the income account.

d. debit the liability account and credit the income account.

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Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

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Question Posted: Jan 31, 2024 04:00 AM

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The adjusting entry for unearned revenue should a. debit the expenses account and credit the asset account.

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The correct answer to this question is d debit the liability account and credit the income account U...View the full answer

Principles Of Islamic Accounting

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