Posted by: Pdfprep
Post Date: April 29, 2021
Which one of the following statements is true?
A . Expenses accrued are current assets
B . Depreciation is an example of an accrued expense
C . Expenses accrued are deducted from the figure in the trial balance in arriving at the income statement charge for that item
D . Expenses accrued decrease the profit of an organization
Answer: D
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