Which of the Following Would Most Likely Lead to an Accrued

question 40

Multiple Choice

Which of the following would most likely lead to an accrued adjustment?

• A) Interest revenue earned but not yet collected.
• B) Prepaid wages.
• C) Prepaid insurance
• D) Rent received in advance.

---

Definitions:

Preauthorized Payment

A prearranged payment that allows a payee to automatically withdraw funds from a payer's account as per the agreed terms, usually on a recurring basis.

Stop Payment

An instruction to a bank by an account holder not to pay or honor a check that has been issued from their account.

EFT Charges

Charges or fees associated with Electronic Funds Transfer, which is the electronic transfer of money from one bank account to another.

Unauthorized Payment

A transaction completed without the approval or consent of the account holder.