Accruals Involve the Recording of an Expense or a Revenue

question 85

Multiple Choice

Accruals involve the recording of an expense or a revenue account:

• A)either before or at the same time the cash is paid or received.
• B)after the cash is paid or received.
• C)at the same time the cash is paid or received.
• D)before the cash is paid or received.

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Definitions:

Personality

The assortment of characteristics that shape a person's unique disposition.

Mental Process

Operations of the mind that are involved in thinking, reasoning, perception, and judgment.

Unconscious Forces

Psychological influences of which individuals are not fully aware, but that affect thoughts, feelings, and behaviors.

Continuum

A continuum is a continuous sequence in which adjacent elements are not perceptibly different from each other, although the extremes are quite distinct.