1Net income would increase as a result of which of the follo

1.Net income would increase as a result of which of the following adjustments:

2 Which of the following is not an accounting event?

a	Accruing an expense

Solution

1.Net income would increase as a result of which of the following adjustments: c Accruing a revenue Explanation: accruing an expense, adjusting a prepaid account and recording depreciation increases Expense and decrease net income, only accruing a revenue will increase net income. 2 Which of the following is not an accounting event? d A customer places an order for goods. Explanation: For an event , to be accounting event it must be recordable and when a customer places an order, it cant be recorded in accounting system until fulfilled.