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tatyana61 [14]
2 years ago
14

An adjusting entry that increases an asset and increases a revenue is known as a(n):

Business
1 answer:
quester [9]2 years ago
7 0

<u>Answer:</u>

<em>An adjusting entry that increases an asset and increases a revenue is known as Accrued Revenue.</em>

<u>Explanation:</u>

when an organization has earned income yet hasn't yet gotten money or recorded a sum receivable For the<em> situation of gathered incomes</em>, we get money after we earned the income and recorded an advantage.

The modifying section for a collected income consistently incorporates a charge to an advantage account (increment a benefit) and an a worthy representative for an<em> income account (increment an income).</em>

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What the reasons for creating the necessity for restructuring the Organization Structure?
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