QUESTION 14 What is the adjusting entry for Unearned revenues? A. Debit: Assets, Credit: Revenues. O B. Debit: Revenues, Credit Liabilities, OC. Debit: Liabilities; Credit: Revenues O D. Debit: Revenues, Credit Assets QUESTION 16 GAAP stands for O A. Generally Accepted Accounting Principles. OB. Generalised Accounting Assumptions and Principles OC. Generally Accepted Accounting Performance. OD. Generally Accepted Auditing Practices