The General Term Used to Indicate Delaying the Recognition of an Expense

question 164

Multiple Choice

The general term used to indicate delaying the recognition of an expense already paid or of a revenue already received is

• A) depreciation
• B) deferral
• C) accrual
• D) inventory

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Definitions:

Equal Protection

A constitutional principle in many democratic countries that mandates all individuals be treated equally under the law.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity.

State Action

Activities or actions taken by government bodies or officials, covered by legal and constitutional protections.

Property Right

Legal rights to possess, use, and dispose of assets or properties.