Accrued expense is most likely recorded by a company if cash is paid:（）
A: before expense has been incurred.
B: at the same time expense has been incurred.
C: after expense has been incurred.
A: before expense has been incurred.
B: at the same time expense has been incurred.
C: after expense has been incurred.
举一反三
- Money that a business has been paid in advance for a service that will be provided later is called _____. A: accrued revenue B: accrued expense C: unearned revenue D: prepaid expense
- A cost that has already been paid, or the liability to pay has already been incurred, is a(n):
- Merchandise inventory:（ ）。 A: neither is the cost of inventory that has been sold or is an expense on the income statement B: both is the cost of inventory that has been sold and is an expense on the income statement C: is an expense on the income statement D: is the cost of inventory that has been sold
- Accrual means the recognition of an expense or revenue that has arisen but has not yet been recorded.
- 中国大学MOOC: Incurred but unpaid expenses that are recorded during the adjusting process with a debit to an expense and a credit to a liability are: