Question

Required 

Identify each of the following events as an accrual, a deferral, or neither Type of Accounting Events 

	Events	Type of Accounting
a.	Paid cash in advance for a one-year insurance policy.
b.	Paid cash to settle an account payable.
c.	Collected accounts receivable.
d.	Paid cash for current salaries expense.
e.	Paid cash to purchase supplies.
f.	Provided services on account.
g.	Provided services and collected cash.
h.	Paid cash to purchase land.
i.	Recognized accrued salaries at the end of the accounting period.
J.	Paid a cash dividend to the stockholders.
k	Recognized revenue on account at the end of the period.
l.	Collected cash for services to be provided in the future

Answer 1

Answer 2

A) Deferral

B) Neither

C) Neither

D) Accural

E) Accural

F) Accural

G) Accural

H) Neither

I) Accural

J) Neither

K) Neither

L) Deferral