Accounting · Accrual Basis of Accounting

An entity is finalizing its accounts for the year ended 30 June 20X5. Match the following transactions to their correct accounting adjustment category as per the Accrual Basis of Accounting: 1. Rent for July 20X5 was paid in June 20X52. Electricity used in June 20X5; bill to be paid in August 20X53. A tenant owes rent for May and June 20X54. Customer paid in May 20X5 for a service to be provided in July 20X5 Categories: A. Accrued Income B. Prepaid Expense C. Accrued Expense D. Deferred/Prepaid Income