An Accrual Refers to an Event

question 117

Multiple Choice

An accrual refers to an event:

• A) where the cash has not been exchanged between the two parties
• B) that will never involve an income statement account
• C) that will never involve cash
• D) where the cash has already exchanged hands between the two parties

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Definitions:

Vocational Education

A program of study that prepares individuals for specific trades, crafts, and careers at various levels from a trade, a craft, technicians, or a professional position in engineering, accountancy, nursing, medicine, and other healing arts, architecture, pharmacy, law etc.

Tuskegee Institute

A historically black college in Alabama established by Booker T. Washington to provide African Americans with educational and vocational training.

Vocational Education

Educational training that provides practical experience and skills for a specific occupation or trade.