Which of the following transactions does not involve an accrual?
A. Recording interest earned that will be received in the next period.
B. Recording operating expense incurred but not yet paid.
C. Recording salary expense incurred but not yet paid.
D.Recording the pre-payment of two years’ worth of insurance.
Answer:D
Which of the following transactions does not involve an accrual?
A. Recording interest earned that will be received in the next period. B. Recording operating expense incurred but not yet paid. C. Recording salary expense incurred but not yet paid. D.Recording the pre-payment of two years’ worth of insurance.