Which of the following entries is NOT an example of asset consumption,recognised over future time periods?
A) Dr Salaries expense Cr Cash
B) Dr Depreciation expense Cr Accumulated depreciation
C) Dr Insurance expense Cr Prepaid insurance
D) Dr Cost of goods sold Cr Inventory
Correct Answer:
Verified
Q2: The balance in the Prepaid rent account
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Q4: Which of the following cash flows involve
Q6: Which of the following would be recorded
Q7: In 2016,Zealous Ltd paid $1900 for 2015
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Q10: The Supplies account has a balance of
Q11: Which of the following would be recorded
Q19: At the end of the financial year,
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