Which of the following is not an accrual?
A)Crediting wages payable for wages earned to date.
B)Debiting interest receivable for interest earned to date.
C)Debiting interest expense for interest incurred to date.
D)Debiting depreciation expense for depreciation incurred during the perioD.Depreciation expense is classified as a deferred expense; it is the amount of expense incurred in using the asset to generate revenue.

Question

Quizplus · Accepted Answer

Depreciation expense is the allocation of the cost of an asset over its useful life, and is not an accrual of a liability or a receivable. In this case, it is classified as a deferred expense.

Which of the Following Is Not an Accrual