Match each of the following HEB events with its related term by entering the app

Question

Match each of the following HEB events with its related term by entering the appropriate letter in the space

      provided and then selecting the correct multiple choice answer.

                1. Accrued Expense                 3. Deferred Expense

                2. Accrued Revenue                 4. Deferred Revenue

     _________ Salaries earned by HEB employees, but not yet paid.

     _________ Paid cash for Jan – Mar advertising on Jan 1.

     _________ HEB gift card sold to a customer.

     _________ Interest earned on a note receivable, but not yet been received.

1, 2, 3, 4

1, 3, 4, 2

3, 2, 4, 1

2, 1, 3, 4

3, 1, 2, 4

1, 2, 3, 4

1, 3, 4, 2

3, 2, 4, 1

2, 1, 3, 4

3, 1, 2, 4

Explanation / Answer

Option.B) 1,3,4,2

Accrued Expenses Means expenses incurred but not yet paid

Accurue Revenue means Revenue receivable but not yet received

Deferred Revenue Means revenue recognised over a period of time

Deferred Expenses Means expenses recognised over a period of time...

Let me know if you have any doubt

Thanks

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