A journal entry recording an accrual:
A) results in a better matching of revenues and expenses.
B) will involve a debit or credit to cash.
C) will affect balance sheet accounts only.
D)will most likely include a debit to a liability account.

Question

Quizplus · Accepted Answer

Accrual accounting aims to match revenues and expenses to the period in which they are incurred, regardless of when cash transactions occur.

A Journal Entry Recording an Accrual