Which of the Following Is an Example of an Accrual

question 107

Multiple Choice

Which of the following is an example of an accrual of unrecorded revenues?

• A)Interest accrues each month,but is paid quarterly.
• B)Office supplies are purchased each month,but the account is not adjusted until the end of the month.
• C)Wages have been earned,but have not been paid at the end of the month.
• D)An attorney has performed work for a client,but has not billed the client yet.
• E)Equipment purchased will be beneficial for several years.

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Definitions:

Internet Use

The act of utilizing the Internet for a variety of activities, including communication, research, entertainment, and business operations.

Supply Chain Management

The management of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Regulatory Compliance Management

The ongoing process of monitoring and evaluating compliance with relevant laws, regulations, and industry standards.

Customer Relationship Management

A strategy and software used by businesses to manage and improve interactions and relationships with customers.