Which of the Following Is Not an Accrual

question 98

Multiple Choice

Which of the following is not an accrual?

• A)Crediting wages payable for wages earned to date.
• B)Debiting interest receivable for interest earned to date.
• C)Debiting interest expense for interest incurred to date.
• D)Debiting depreciation expense for depreciation incurred during the perioD.Depreciation expense is classified as a deferred expense; it is the amount of expense incurred in using the asset to generate revenue.

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Definitions:

Armed Robbery

The act of taking something from someone unlawfully by using or threatening to use force with a weapon.

Shoplifting

The act of stealing goods from a store, typically by concealing them in clothing or a personal bag.

Moratorium

A period of delay or suspension of an activity or a law, often used to refer to a stage of exploration in Erikson's theory of adolescent development.

Foreclosure

Erikson’s term for premature identity formation, which occurs when an adolescent adopts their parents’ or society’s roles and values wholesale, without questioning or analysis.