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aksik [14]
2 years ago
14

when making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, th

e debit will a(n) ___________ account. (enter one word per blank.)
Business
1 answer:
sladkih [1.3K]2 years ago
5 0

When making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will be an <u>Expense</u> account.

<h3>What are deferral adjustments?</h3>

Deferral adjustments are accounting entries that shift some portions of a deferred account into the current period.

These deferral journal entries include:

  • Revenue entries (recognizing current or earned revenues)
  • Expenses entries (recognizing current or incurred expenses against prepayments).

Thus, when making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will be an <u>Expense</u> account.

Learn more about deferral adjustments at brainly.com/question/18365189

#SPJ12

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4 years ago
A company that wants to implement a market orientation would need to:
navik [9.2K]

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3 years ago
If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the
sertanlavr [38]

Answer:

The answer is: 90%

Explanation:

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7 0
3 years ago
The existence of dissimilar mental models is likely to lead to ________.A) diverse but appropriate decisions being made by the t
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6 0
4 years ago
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