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) Equipment depreciated over the period

Question

Quizplus · Accepted Answer

An accrual occurs when an expense or revenue is recognized before cash is exchanged. Option A describes an expense that has been incurred but not yet paid, resulting in an accrual. Options B, C and D are all examples of expenses or revenues that have already been paid or received, and therefore are not accruals.

Which of the Following Transactions Would Result in an Accrual