Asked by
Courtney Money
on Dec 17, 2024
Verified
Which of the following transactions would result in an accrual?
A) Salary expense has been incurred but unpaid.
B) Rent expired for the month.
C) Supplies used during the accounting period.
D) Owner's withdrawals.
Accrual
Accrual is an accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash transactions occur.
- Comprehend the fundamentals and methods involved in making adjusting entries for accrued revenues and expenses.
Verified Answer
ZW
Learning Objectives
- Comprehend the fundamentals and methods involved in making adjusting entries for accrued revenues and expenses.