Which of the Following Adjusting Journal Entries Is Not Created

question 28

Multiple Choice

Which of the following adjusting journal entries is not created as the result of an accrual?

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Definitions:

Social Utility

The overall contribution that an action or policy makes toward the good or welfare of a society.

Latent Defect

A hidden flaw in a product or property that is not easily observable or discoverable at the time of purchase.

Due Care

The effort made by a reasonable party to avoid harm to others or their property, typically by following a standard of conduct that meets legal or ethical expectations.

Sidewalk

A paved or otherwise improved path for pedestrian use, typically located along the side of a road.