New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is an example of an adjusting

    journal entry?
    A Recording a sale on credit Correct Answer Incorrect Answer
    B Accruing interest expense Correct Answer Incorrect Answer
    C Purchasing office supplies Correct Answer Incorrect Answer
    D Paying a utility bill Correct Answer Incorrect Answer

    Solution

    An adjusting journal entry is used to record a transaction that occurred during the current accounting period but was not previously recorded, such as accruing interest expense.

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