Journal Entries Recorded at the End of Each Accounting Period

question 234

Multiple Choice

Journal entries recorded at the end of each accounting period to prepare the revenue,expense,and dividends accounts for the upcoming period and to update the retained earnings account for the events of the period just finished are referred to as:

• A)Adjusting entries.
• B)Closing entries.
• C)Final entries.
• D)Work sheet entries.
• E)Updating entries.

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Definitions:

ERG Theory

A motivation theory that categorizes human needs into existence, relatedness, and growth.

Motivator

Something or someone that provides a reason or incentive to act or exert effort.

Autonomy Support

The encouragement of self-initiative and independence by providing options and respecting individuals' choices.

McClelland's Theory

A motivational theory suggesting that people are driven by needs for achievement, power, and affiliation, influencing their behavior and performance.