Wu Zhao

question 50

Multiple Choice

Wu Zhao

• A) was the founder of the White Lotus sect.
• B) translated The Way of the Dao into Khitan.
• C) was the Chinese name of Marco Polo.
• D) was the founder of the Ming Dynasty.
• E) became empress of China.

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Definitions:

Accruals

Accounting adjustments for revenues that have been earned but are not yet recorded in the accounts, and for expenses that have been incurred but are not yet recorded.

Incurred

This term refers to the recognition of costs or expenses in accounting when a company commits to them through its operations, regardless of when payment is made.

Wages Payable

Represents the total amount of wages earned by employees that have not yet been paid by the employer.

Wages Expense

The total cost incurred by a company for the payment of wages to its employees during a specific period.