Any Expenses That Are Incurred but Not Paid by the End

question 38

Multiple Choice

Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:

• A) Accruals
• B) Depreciations
• C) Expenses
• D) Financial record

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Definitions:

Warrior Gene

colloquially refers to a variant of the MAOA gene linked in some studies to aggressive behavior, though its effects are influenced by environmental factors.

Culture of Honor

A culture where personal or family reputation is extremely important and actions that threaten that reputation can lead to extreme reactions to restore honor.

Scots-Irish Herders

A group of people of Scottish and Irish ancestry, particularly those who settled in the Appalachian regions of the United States and were known for their herding skills.

Puritan

Puritan is a term used to describe members of a religious reform movement known for its strict moral code and emphasis on piety, originating in the 16th and 17th centuries.