Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The general term employed to indicate an expense that has not been paid or revenue that has not been received and has not yet been
The general term employed to indicate an expense that has not been paid or revenue that has not been received and has not yet been recognized in the accounts is: 1accrued. 2contra asset. 3prepayment. 4asset
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Dk Essential Managers Understanding Accounts
Authors: Stephen Brookson, Adele Hayward
1st Edition
0789471493, 978-0789471499
