An Adjusting Entry Always Involves Two Balance Sheet Accounts

question 202

True/False

An adjusting entry always involves two balance sheet accounts.

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Definitions:

Table Datasheet View

A layout view in database and spreadsheet applications that presents data in rows and columns, similar to a table.

Field Descriptions

Brief explanations or definitions of database fields or form fields, detailing the kind of information they hold.

Field Names

Labels or identifiers used in databases and spreadsheets to denote the type of data contained in each column or field.

Data Types

Categories of data that determine the kind of value a variable can hold, such as integers, floats, or strings, in programming.