Question
23. Which of the following describes the purpose of adjusting unearned revenue?
A to repay excess amount received and clear customer’s account
B to record amount receivable from customers
C to record unexpired portion in the income statement
D to record revenue earned during the year
A to repay excess amount received and clear customer’s account
B to record amount receivable from customers
C to record unexpired portion in the income statement
D to record revenue earned during the year
Answers
Answered by
GPT 3.5
C to record unexpired portion in the income statement
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