Which of the Following Is Not a True Statement

question 79

Multiple Choice

Which of the following is not a true statement?

• A)When making an adjustment to recognize supplies used in a period,total assets will not change.
• B)Accrued wages are wages owed but not yet paid to employees and will need to be recorded with an adjusting entry that will increase expenses.
• C)Deferrals are created by reflecting a transaction so that it delays or defers the recognition of an expense or a revenue.
• D)Depreciation is an example of a deferred expense.