Which of the following is an example of an adjusting entry?
A. Revenue that has been billed but not yet paid
B. Revenue from a prior accounting period
C. Revenue in the form of products as opposed to cash
D. Revenue that has been billed and paid

These are entries that share correct amount between income and expenditure in the period they occur, usually at the end of the financial period.

It is to be noted that adjusting entries are alteration made to journal entries that have been previously recorded.

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Which of the following is an example of an adjusting entry? A. Revenue that has been billed but not yet paid B. Revenue from a prior accounting period C. Revenue in the form of products as opposed to cash D. Revenue that has been billed and paid

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What is an adjusting entry?

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Which of the following is an example of an adjusting entry?
A. Revenue that has been billed but not yet paid
B. Revenue from a prior accounting period
C. Revenue in the form of products as opposed to cash
D. Revenue that has been billed and paid