An Adjusting Journal Entry Recording an Accrual

question 20

Multiple Choice

An adjusting journal entry recording an accrual:

• A)results in a better matching of revenues and expenses.
• B)will involve a debit or credit to cash.
• C)will affect balance sheet accounts only.
• D)will most likely include a debit to a liability account.

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Definitions:

Opioids

A class of drugs derived from the opium poppy or synthesized analogues, used for pain relief, but can be addictive.

Nicotine

A stimulating and highly addictive chemical found in tobacco, which acts on the nervous system to produce feelings of pleasure and arousal.

Self-Conscious

Excessively aware of being observed or judged by others.

Sexually Daring

Demonstrating boldness or adventurousness in sexual behaviors or encounters.