Which of the Following Entries Would Be Recorded ONLY If $$\begin{array} { | l | r | r | } \hline \text { Salary expense } & 1000 & \\\hline \text { Cash } & & 1000 \\\hline\end{array}$$

question 60

Multiple Choice

Which of the following entries would be recorded ONLY if a company is using the accrual method of accounting?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Salary expense } & 1000 & \\
• \hline \text { Cash } & & 1000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 1000 & \\
• \hline \text { Service revenue } & & 1000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Supplies } & 1000 & \\
• \hline \text { Cash } & & 1000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 1000 & \\
• \hline \text { Accounts receivable } & & 1000 \\
• \hline
• \end{array}\]

---

Definitions:

Real Property

Refers to land and any permanent structures attached to it, such as buildings or houses.

Tangible Personal Property

Physical items owned by an individual or entity, such as furniture, vehicles, and electronics, excluding real estate.

Real Property

Land and anything permanently attached to it, such as buildings, fences, and natural resources, recognized as a form of tangible assets.

Immovable Property

Property that cannot be moved, such as land and anything permanently affixed to it, like buildings.