Adjusting Journal Entries Are Normally Not Necessary When Cash-Basis Accounting

question 161

True/False

Adjusting journal entries are normally not necessary when cash-basis accounting is used.

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Definitions:

Internal Consistency

A measure of how well the items on a test measure the same construct or trait.

Content Validity

Refers to the extent to which a test measures all aspects of the concept it intends to measure.

Alternate-form Reliability

Refers to a measure's reliability assessed by comparing different versions of the test that are created to be equivalent.

Test-retest Reliability

A measure of consistency where the same test is administered to the same group at two different points in time to assess its stability over time.