Answered

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The adjusting journal entry to record revenue that has been earned but not yet billed at the
the end of the accounting period will result in
O a. a decrease in a liability account.
O b. an increase in a liability account.
○ C.
a decrease in an asset account.
O d. an increase in an asset account.

Sagot :

GinnyAnsweridn

Final answer:

The adjusting entry for revenue earned but not yet billed increases assets and decreases liabilities.


Explanation:

The adjusting journal entry to record revenue that has been earned but not yet billed at the end of the accounting period will result in:

  • An increase in an asset account.
  • A decrease in a liability account.

This adjustment reflects the recognition of revenue earned but not yet invoiced, boosting assets and reducing liabilities in the accounting records.


Learn more about Adjusting journal entries for revenue recognition here:

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