An Expense Occurred in 2018,but It Is Not Paid Until

question 40

Multiple Choice

An expense occurred in 2018,but it is not paid until 2019.Using accrual accounting,the expense should appear on:

• A)the 2018 income statement.
• B)the 2019 income statement.
• C)whichever income statement the business prefers.
• D)both the 2018 and 2019 income statements.

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Definitions:

Recommendation Letter

A document written to provide a testimonial of a person’s character, abilities, and competencies, usually for employment or academic purposes.

Diplomacy

The practice of conducting negotiations between representatives of states or groups to manage international relations, resolve disputes, or foster cooperation.

Job Applicant

An individual who applies for a position of employment in a company or organization.

Effective Letter

A written communication that clearly conveys its intended message and achieves its purpose with the recipient.