Which of the following situations does not involve an accrual?
A)Recording accrued interest.
B)Recording depreciation.
C)Recording unrecorded wages.
D)Recording unrecorded revenue.

Question

Quizplus · Accepted Answer

Depreciation is a non-cash expense that is recorded to allocate the cost of a long-term asset over its useful life. It does not involve an accrual of expenses or revenues. A, C, and D all involve accruals, which are necessary to properly match expenses and revenues in the accounting period in which they occur.

Which of the Following Situations Does Not Involve an Accrual