Which of the following entries is NOT an example of asset consumption,recognised over future time periods?
A. DR Salaries expense $\quad $ CR Cash

B. DR Depreciation expense $\quad $ CR Accumulated depreciation

C. DR Insurance expense $\quad $ CR Prepaid insurance

D. DR Cost of goods sold $\quad $ CR Inventory

Question

Which of the following entries is NOT an example of asset consumption,recognised over future time periods?
A. DR Salaries expense  $\quad $ CR Cash

B. DR Depreciation expense $\quad $ CR Accumulated depreciation

C. DR Insurance expense $\quad $ CR Prepaid insurance

D. DR Cost of goods sold $\quad $ CR Inventory

Quizplus · Accepted Answer

The Answer of Which of the following entries is NOT an example of asset consumption,recognised over future time periods?
A. DR Salaries expense  $\quad $ CR Cash

B. DR Depreciation expense $\quad $ CR Accumulated depreciation

C. DR Insurance expense $\quad $ CR Prepaid insurance

D. DR Cost of goods sold $\quad $ CR Inventory

Which of the Following Entries Is NOT an Example of Asset