The True Statement Is

question 43

Multiple Choice

The true statement is:

• A) reversing entries are always necessary.
• B) reversing entries are optional and are only made so that the accounting at the beginning of the new accounting period is less complicated.
• C) all prepayments need to be reversed.
• D) reversing entries are made on the last day of the financial year.

---

Definitions:

Extrinsic Rewards

Rewards that come from outside an individual, such as money, praise, or awards, which motivate behavior.

Self-Efficacy

A person’s belief that he or she is capable of producing desired results, such as mastering new skills and reaching goals.

Performance Goals

Objectives aimed at demonstrating competence or achieving a specific standard of excellence in a task.

Approach Goals

Objectives that focus on achieving a positive outcome or moving towards a desirable object or event.