An Expense That Has Been Incurred but Not Yet Paid

question 182

Multiple Choice

An expense that has been incurred but not yet paid is called a(n) ________.

• A) accrued revenue
• B) deferred expense
• C) deferred revenue
• D) accrued expense

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Definitions:

Pleasure Principle

The driving force of the unconscious that wants whatever brings pleasure.

Immediate Gratification

The desire to experience pleasure or fulfillment without delay or deferment.

Societal Expectations

Refers to the anticipated behaviors and roles that society presumes individuals will follow based on cultural norms and traditions.

Conscious Mind

The aspect of the mind that is aware of the self, one's surroundings, and one's thoughts, feelings, and experiences at any given moment.