Which of the Following Would not Be an Application of the Revenue

question 256

Multiple Choice

Which of the following would not be an application of the revenue recognition or expense recognition principle?

• A)Recording accrued salaries and wages expense.
• B)Recording accrued interest revenue.
• C)Recording the collection of an advance customer payment as revenue.
• D)Recording prepaid expense adjustments.

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Definitions:

Development

Development in a workplace context refers to the process of improving skills, knowledge, and competencies of employees through training and education.

Knowledge

Information, understanding, or skills acquired through experience or education; the theoretical or practical understanding of a subject.

Client and Customer Demands

The needs or expectations that clients or customers have from products, services, or businesses.

Workforce Analytics

The practice of using data analysis techniques to understand, improve, and optimize the workforce and its processes.