Multiple Choice
An expense that has been incurred but not yet paid is called a(n) :
A) accrued revenue.
B) prepaid expense.
C) unearned revenue.
D) accrued expense.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q77: Smith owns manufacturing equipment that was bought
Q78: On December 31, 2014, the balance in
Q79: The employees of Robert Rogers, CPA, worked
Q80: The following extract was taken from the
Q81: The adjusted trial balance helps to identify:<br>A)account
Q83: The accountant of Ovenly Inc. failed to
Q84: Luminous Electrical Repair performed services costing $8,000
Q85: The accountant for Sparks Electric Company failed
Q86: The employees of Robert Rogers, CPA, worked
Q185: Under cash basis accounting,an expense is recorded