An expense becomes an accrual because it

Accounts - Principles of Accounts

WAEC 1997

A. is due for payment
B. is a Profit and Loss Account item
C. is a Trading Account item
D. is to be paid within the next one year
E. must appear in the balance sheet

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Correct Answer: Option A

Explanation

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An expense becomes an accrual because it

Correct Answer: Option A

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