What Is an "Accrual

question 66

Multiple Choice

What is an "accrual"?

• A)An entry to record deposits received from a customer for services to be provided next year.
• B)An entry that reflects accounting events or transactions after the related cash flow.
• C)An entry that reflects transactions in a period different from its corresponding cash flow.
• D)An entry to record the payment of a supplier invoice for goods received last month.

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Definitions:

Constant

A fixed value that does not change.

Particles

The small, localized physical entities that make up the structure of matter, ranging from elementary particles to atoms and molecules.

Ordered State

A condition of a system in which its components are arranged in a well-organized pattern or structure, often resulting in reduced entropy.

Solids

Materials in the state of matter characterized by fixed shape and volume, with particles closely packed in a regular pattern.