Which of the Following Entries Is NOT an Example of Asset

question 22

Multiple Choice

Which of the following entries is NOT an example of asset consumption,recognised over future time periods?

• A) Dr Salaries expense Cr Cash
• B) Dr Depreciation expense Cr Accumulated depreciation
• C) Dr Insurance expense Cr Prepaid insurance
• D) Dr Cost of goods sold Cr Inventory

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Definitions:

Graphic Rating Scale

A scale that uses graphics or symbols to represent different levels of performance or satisfaction, allowing individuals to mark their position on a continuum.

Checklist

A list of items or tasks that are checked off as they are completed or noted.

Behavior Rating Scale

A tool used to measure and assess an individual's behaviors, attitudes, or psychological responses, often employed in educational and clinical settings.

Structured Interview

A method of data collection where the interviewer follows a predetermined set of questions, ensuring consistency and comparability of responses across participants.