Which of the Following Entries Is NOT an Example of Asset

question 22

Multiple Choice

Which of the following entries is NOT an example of asset consumption,recognised over future time periods?

• A) Dr Salaries expense Cr Cash
• B) Dr Depreciation expense Cr Accumulated depreciation
• C) Dr Insurance expense Cr Prepaid insurance
• D) Dr Cost of goods sold Cr Inventory

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Definitions:

Broca's Aphasia

is a specific type of aphasia characterized by difficulty in producing speech but relatively preserved comprehension, often resulting from damage to Broca's area in the brain.

Right Hemisphere

The half of the human brain that is typically associated with processing visuospatial and facial recognition tasks, as well as certain aspects of language and emotion.

Left Hemisphere

The left hemisphere of the brain is responsible for controlling the right side of the body, and is often associated with language, analytical thought, and logic.

Occipital Lobe

A division of the cerebral cortex located at the back of the head that is involved in the processing of visual information.