which of the following adjusting enteries involves the cash account deferred revenues accrued expenses deffered liabilities...

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Question

which of the following adjusting enteries involves the cash account deferred revenues accrued expenses deffered liabilities...

which of the following adjusting enteries involves the cash account

deferred revenues

accrued expenses

deffered liabilities

none of these

business accounting

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Answer 1

Answer #1

Answer

While adjusting entries are recorded, Cash is not affected by any adjusting entry. Only Income Statement and Balance Sheet are affected through recording of adjusting entries.

Therefore, options Deferred Revenue, Accrued expenses and deferred liabilities are incorrect options

And hence, Option “None of these” is the correct option”

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Answer 2

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