A Journal Entry Contains a Debit to an Expense Account

question 75

Multiple Choice

A journal entry contains a debit to an expense account and a credit to a payable account.This is an example of a(n) :

• A) accrued revenue
• B) accrued expense
• C) deferred revenue
• D) deferred expense

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Definitions:

Monochronic Cultures

Societies that value linear time-orientation, preferring to do tasks one at a time and emphasizing schedules and punctuality.

Time

A continuous, quantifiable period during which actions, processes, or conditions exist or take place.

Monochronic Cultural Values

A cultural perspective that emphasizes doing one task at a time, a strong commitment to schedules, and an emphasis on punctuality.

Proxemics

The analysis of human engagement with physical spaces and the effect that the closeness of individuals within these spaces has on their actions, communication, and societal interactions.