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f a company is debiting interest receivable and crediting interest revenue, what must be the case? Multiple choice question. The company made an error as
f a company is debiting interest receivable and crediting interest revenue, what must be the case?
Multiple choice question.
The company made an error as this does not make sense.
It is the end of the of the accounting period and it is adjusting entry for interest generated but not yet collected.
It is collecting interest generated during the period.
It must owe money to a creditor.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
