Which of the following is a current liability that must be accrued?

Question

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Wages payable are a current liability that must be accrued because they represent the amount of wages earned by employees in a period that have not yet been paid. Accruing these wages ensures that the expense is properly recorded in the period in which it was incurred regardless of when it is paid. A) Accounts payable are also a current liability, but they do not necessarily need to be accrued as they represent amounts owed to suppliers for goods or services that have already been received. B) Current maturity of long-term debt represents the portion of long-term debt that is due within the next year and typically does not need to be accrued. C) Revenue received in advance represents payment received from customers for goods or services that have not yet been delivered and is not a liability that needs to be accrued.

Which of the Following Is a Current Liability That Must