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DENIUS [597]
4 years ago
5

The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. this is an example of a(n): de

ferral adjustment. accrual adjustment. closing adjustment. unethical adjustment.
Business
1 answer:
tresset_1 [31]4 years ago
8 0
<span>The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. This is an example of a deferral adjustment. </span>A deferral payment happens after a payment or receipt occurs. The deferral allows someone to have something now but pay it off or towards it at a later date.<span> </span>
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