A_____isanadjustmentforpaymentofanitemorreceiptofcashinadvance.
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Accountingadjustmentsfallintothreebasiccategories:deferrals,depreciation,______.
Thetermaccruedexpensereferstoa_____account.
Because revenues and expenses relate to a limilted period, they are called _____ accounts
Assets,liabilityandstockholders'equityaccountsarenotclosedattheendoftheperiodbecausetheycarryovertothenextperiod,sotheseaccountsarecalled_____accounts.