The unexpired insurance at the end of the fiscal period represents

A) an accrued asset
B) an accrued liability
C) an accrued expense
D) a deferred expense

Unexpired Insurance

The portion of an insurance premium that has not yet expired during the policy period.

Fiscal Period

A specific time period for which an organization prepares financial statements, typically a year, but can also be a quarter or month.

Deferred Expense

A deferred expense is an expenditure that is made in advance and recorded as an asset until it is consumed or its value expires, at which point it is charged to expense.