A Journal Entry Recording an Accrual

question 23

Multiple Choice

A journal entry recording an accrual:

• A) results in a better matching of revenues and expenses.
• B) will involve a debit or credit to cash.
• C) will affect balance sheet accounts only.
• D)will most likely include a debit to a liability account.

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Definitions:

Conscious Activity

Actions or tasks performed while an individual is fully aware and deliberate in their intentions.

Mental Life

Refers to the internal experiences and processes of the mind, such as thoughts, emotions, and desires.

Wilhelm Wundt

Regarded as the founder of experimental psychology, he established the first psychology laboratory in Leipzig, Germany, in 1879.

John Watson

John Watson was an American psychologist who established the psychological school of behaviorism.