part 1.accruals vs. deferrals Flashcards
1
Q
depreciation expense
accumulated depreciation
A
deferral
2
Q
interest receivable
interest revenue
A
accrual
3
Q
rent expense
prepaid rent
A
deferral
4
Q
unearned revenue
rent revenue
A
deferral
5
Q
wage expense
wages payables
A
accrual