Which of the Following Is Not Considered a Basic Type

question 21

Multiple Choice

Which of the following is not considered a basic type of adjusting entry?

• A) An entry to convert a liability to a revenue
• B) An entry to accrue unpaid expenses
• C) An entry to convert an asset to an expense
• D) An entry to convert an asset to a liability
• E) An entry to accrue uncollected revenue

---

Definitions:

Strategic Planning

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives, and a sequence of steps to achieve them.

Business Performance

The analysis of a company's activities and outcomes, measuring its success against a set of predetermined objectives or benchmarks.

Transactive Strategy-making

A collaborative approach to strategy formulation, where knowledge and responsibilities are shared across various organizational members.

Organizational Members

Individuals who belong to and play roles within an organization, encompassing both employees and management.