Correct Answer: B. recognizing accrued expenses


The recording of wages due but not yet paid is an example of recognizing accrued expenses.

Accrued expenses are expenses that have been incurred but not yet paid. In this case, wages are owed to employees for work they've already performed, but the payment has not yet been made. To accurately reflect this obligation in the financial statements, an adjusting entry is made at the end of the accounting period to record the expense and the corresponding liability.

This ensures that the expenses are matched with the period in which they were incurred, in accordance with the accrual basis of accounting. The other options are not applicable here:
- A. Apportionment of revenue between two periods relates to splitting revenue across periods, not recording expenses.
- C. Recognizing unaccounted revenue pertains to revenue not yet recorded.
- D. Recognizing prepaid expenses involves expenses paid in advance, which isn't the case here.