Accountıng I Deneme Sınavı Sorusu #1313662
Which of the followings is correct about deferred expenses?
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Expenses is recorded at the same time with the revenues. |
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Expense is recognized when cash is received. |
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Expense is recognized when it is incurred. |
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Expense is recognized after the cash is received. |
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Expense is recognized after the cash is paid. |
Yanıt Açıklaması:
In accrued expense, expense is recognized before the cash is paid. The correct answer is E.
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