Which of the Following Is Not One of the Conditions

question 51

Multiple Choice

Which of the following is not one of the conditions for recognition of an expense?

• A)A price has been established or can be determined.
• B)There is an agreement to purchase goods or services.
• C)The goods will be delivered or the services will be provided within the accounting cycle.
• D)The goods or services are used to produce revenue.

---

Definitions:

Incest

Sexual relations between people classified as being too closely related to marry each other.

Punishable Offense

An act or behavior that is deemed illegal or wrong by law, subjecting the perpetrator to legal penalties or punishments.

Individualistic Culture

A culture that emphasizes personal autonomy and self-reliance, valuing individual rights and achievements over collective goals.

Job Security

The likelihood of a person maintaining their employment without facing unemployment risks.