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An example of an adjusting entry for deferred items is:

 

 

a. expense to asset

 

b. asset to expense

 

c. revenue to liability

 

d. liability to expense

Project Finance Cash Flow Forecasting Financial Reporting Financial Systems Feasibility Studies
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Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/06/10
Upvote (2) Views (5) Followers (3) Answers (2) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes Option2 is the right answer.

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

b. asset to expense=============

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