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3 Written questions

2 Multiple choice questions

  1. No adjusting entry debits or credits cash at bank because the cash transaction are recored at other times.
  2. Debited - Liability
    Credit - Revenue.

2 True/False questions

  1. Accrued revenue.Debited - Assets.
    Credit - Revenue.


  2. Accrued expense.Debited - Expense.
    Credit - Liability