Expenses Incurred but Not Yet Paid or Recorded Are Called

question 180

Multiple Choice

Expenses incurred but not yet paid or recorded are called

• A) prepaid expenses.
• B) accrued expenses.
• C) interim expenses.
• D) unearned expenses.

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Definitions:

Strivings

Persistent efforts or endeavors towards achieving long-term goals or fulfilling needs.

Expectancies

Expectancies are beliefs about the likelihood of future events happening, which can influence behavior and outcomes.

Current Concern

A present matter or interest that occupies an individual's attention and thought.

Incentive

Something that motivates or encourages an individual to take action or endeavor to achieve a certain goal.