If a Resource Has Been Consumed but a Bill Has

question 82

Multiple Choice

If a resource has been consumed but a bill has not been received at the end of the accounting period then

• A) an expense should be recorded when the bill is received.
• B) an expense should be recorded when the cash is paid out.
• C) an adjusting entry should be made recognizing the expense.
• D) it is optional whether to record the expense before the bill is received.

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Definitions:

Thrombophlebitis

Inflammation of a vein caused by a blood clot.

Blood Clot

A semi-solid mass of blood that can form in the body's vessels, potentially leading to blockages and health issues.

Sialolithectomy

A surgical procedure to remove a stone from a salivary gland or its duct.

Chondr/o

A prefix used in medical terminology that relates to cartilage, indicating a connection or association with cartilage.