Asked by
Jacob Paulishak
on Oct 28, 2024
Verified
Which of the following journal entries is created to record an accrual?
A) 
B) 
C) 
D) 
Accrual
The accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.
- Comprehend the principles and objectives of accrual and deferral within the realm of accounting.
- Acquire knowledge on and apply the correct journal entries for various accounting adjustments, covering accruals, deferrals, and adjustments for prepaid costs.
Verified Answer
KW
Learning Objectives
- Comprehend the principles and objectives of accrual and deferral within the realm of accounting.
- Acquire knowledge on and apply the correct journal entries for various accounting adjustments, covering accruals, deferrals, and adjustments for prepaid costs.
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