Which of the Following Is Not an Accrual

question 26

Multiple Choice

Which of the following is not an accrual?

• A) Crediting salaries payable for salaries earned to date.
• B) Debiting interest receivable for interest earned to date.
• C)Debiting interest expense for interest incurred to date.
• D)Debiting depreciation expense for depreciation incurred during the perioD.Depreciation expense is classified as a deferred expense; it is the amount of expense incurred in using the asset to generate revenue.

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Definitions:

Arbitrary Approach

A method or decision-making process based on individual discretion or judgment rather than fixed standards or rules.

Democratic Vote

A voting method in which individuals express their choice or preference in a matter through a vote, often characterized by equality and fairness.

Political System

The structured set of practices and institutions through which a society organizes and governs itself.

Values Conflict

Occurs when there is a disagreement or discord among personal, cultural, or organizational values, leading to dilemmas or disputes.