Which of the Following Transactions Does Not Involve an Accrual

question 80

Multiple Choice

Which of the following transactions does not involve an accrual?

• A) recording revenue that has been earned but not yet received
• B) recording interest expense incurred but not yet paid
• C) recording salary expense incurred but not yet paid
• D) recording the pre-payment of two year's worth of insurance

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Definitions:

Commercial Interests

Describes the business pursuits and ventures that aim at generating profit, particularly those involving trade and commerce.

China

A country in East Asia, the world's most populous nation, with a long history, rich culture, and significant global economic and political influence.

1899

A year noted for marking the end of the Spanish-American War with the signing of the Treaty of Paris, leading to Spain ceding control of its colonies.