At the end of September, Jack received a bill for fuel used in September. Payment is not due until October 30. This transaction
A: should not be recorded in the accounting records until October.
B: causes a decrease in assets and in owners' equity in October when the bill is paid.
C: should be recorded as an expense of September, regardless of the payment date.
D: is recorded as a liability in September, but is not considered an expense until paid.
A: should not be recorded in the accounting records until October.
B: causes a decrease in assets and in owners' equity in October when the bill is paid.
C: should be recorded as an expense of September, regardless of the payment date.
D: is recorded as a liability in September, but is not considered an expense until paid.
举一反三
- If shipment is to be made during September/October，when should you ship the goods____ A: from September 1 to October 1 B: from September 1 to October 31 C: from September 30 to October 31 D: from September 1 to October 30
- Rent paid on 1 October 2002 for the year to 30 September 2003 was $1200 and rent paid on 1 October 2003 for the year to 30 September 2004 was $1600. Rent expense, as shown in the statement of profit or loss for the year ended 31 December 2003, would be: A: $1200 B: $1600 C: $1300 D: $1500
- When is the workshop scheduled to take place A: October 16 B: October 9 C: September 10 D: September 6
- A．September 13th.B．September 12th.C．October 13th.D．October 12th. A: September 13th. B: September 12th. C: October 13th. D: October 12th.
- When is the Teacher's Day in China every year?（ ） A: September 10th B: September 13th C: October 1th D: August 1th