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 Help with IGCSE Accounting Past-Paper multiple choice question?
I need some help regarding a multiple choice question in a past paper.

The question states:
"Material purchased was debited incorrectly to the motor vehicles account. The effect ...


 Best Buy 10% coupon off but I cannot open the coupon? Here the website but say it I need what, Help please?
http://shell.windows.com
Don't worry, it not a spam or anything.

I received email from best buy and I press print coupon, but it went ...


 How busy are Employers on the memorial day weekend?
Do employers usually have any time to speak about potential applicants on weekends, especially holidays? When would they get back to me?...


 How much do I sell lemonade for?
My friend and I are 13 and are want to sell lemonade at our recycling center sometime. We are wondering how much to price it for, and if this is a good idea at all. Is there anything else that is ...


 is ThefieldWerks.com legitimate?
i recently ordered a 1918 replica trench knife from their site. I waited for 12 days and i still haven't received anything. i am starting to wonder if The Field Werks is legit.
Additional D...


 How to be successful?
How do I get lots of money, women, and big house by Sunday?...


 What can be done about exorbitant bank charges,?
I have never before needed to cancel a cheque so was surprised and disgusted to be told the charge is OVER £12.00. Can someone inform me why? when the cheque is still in the post, and has`nt even ...


 Who search contact in all over the world like me?
I'm a french manager and I have a lot of ambitions, I'd like to have contact with people in every country. Am I alone to want that? You don't want to know how is the world out of ...


 What is the break even point?
Variable costs = £5 per unit.

Fixed costs = £2,500 per month

Selling price = £10


And how do you figure it out....


 How do I change in foregin currency to USD?
I found a lot of foreign currency in my garage. Some from Brazil, Argentina, Venezuela, and a lot of other places. Im wondering how would I go about getting that money changed in for US dollars.
...


 Looking for customer reviews for Well behaved women rarely make history?
Where can I find reviews and opinions online for Well behaved women rarely make ...


 what are some jobs you can apply for online?
anywhere really, thanks a lot.

i would prefer places that are not in the food industry but thats ok too....


 Early Termination Fee????
i want a new blackberry for verizon but it has a early termination fee. what is an early termination fee. do i only have to pay it if i switch services???...


 Which is the best way to money transfer to India?
Which is the best way to money transfer to India? Western Union or xoom?...


 New eBay Seller.. Help?
Okay, so i was just told that new eBay sellers have to wait till they get their first feedback before receiving the cash for their sold item..Is this true?...


 New to eBay and Paypal..HELP?
If i sell something on ebay, how quickly will the money transfer to my Paypal? Will i be able to use it or will i have to wait till the buyer receives the item?...


 What are the advantages and disadvantages of outsourcing?
help me with my essay question please
does anybody know what the advantages and disadvantages of outsourcing are?

subject: outsourcing and ...


 Where can I get the best deal for Speed Stacks Competition Cups Orange with Orange Bag?
Where can I find a really good deal online for Speed Stacks Competition Cups Orange with Orange B...


 Do you know where I can get a grant from to fund my business ?

Additional Details
I only need about $1000. I am using this
to fund my plan for my network marketing
business. I can do this and make money
on the side. Do you know ...


 How to calculate the opening cash balance on the cash budget?
How do i work out the opening cash balance in regards to this cash budget? Please click on the link.
http://i194.photobucket....



Tom
Recognition of revenue may result in which of the following?
Recognition of revenue may result in which of the following?
A) a decrease in a liability
B) an increase in a liability
C) an increase in assets
D) A and C

Please help
Additional Details
I thought C, too. However, wouldn't the liabilities (unearned revenue) also increase when the Assets increase?
                     
 




Sterling
C.


EJ (Philippines)
Rating
Answer:

Sterling is correct. Answer is C.

About your 'additional details', the question specifically states 'recognition of revenue', therefore, asset and liabilities shouldn't go together. It is just either asset and revenue or liability and revenue.


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