Which of the Following Transactions Does Not Involve an Accrual

question 99

Multiple Choice

Which of the following transactions does not involve an accrual?

• A)Recording interest earned that will be received in the next period.
• B)Recording operating expense incurred but not yet paid.
• C)Recording salary expense incurred but not yet paid.
• D)Recording the pre-payment of two years' worth of insurance.

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Definitions:

Time

The indefinite continued progress of existence and events in the past, present, and future, regarded as a whole.

Day

A unit of time equal to 24 hours, typically from midnight to midnight, used as a basic measure of time in daily life and various calculations.

Consumer Is King

A business philosophy emphasizing the importance of understanding and satisfying the needs and preferences of consumers to ensure success.

Era

A distinct period of history marked by notable events, characteristics, or developments.