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Question

Which of the following accounts is used to initially record a deferral? Find the Answer at BYJU'S


A

Interest payable.

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B

Interest revenue.

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C

Supplies.

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D

Supplies expense.

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Solution

The correct option is C

Supplies.


.Answer c. Supplies

Explanation: Some of the supplies that aren’t used in production during the accounting period are recorded under deferred accounts.


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