Which of the Following Could Appear in an Adjusting Entry

question 52

Multiple Choice

Which of the following could appear in an adjusting entry, closing entry, and reversing entry?

• A) Salary Expense
• B) Withdrawals
• C) Depreciation Expense, Buildings
• D) Cash

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Definitions:

Formal Structure

The officially designated arrangement of roles, responsibilities, and relationships within an organization.

Authority

The officially sanctioned power or right to make decisions, direct others, and enforce obedience within a specific context or organization.

Patterns of Communication

Patterns of communication are the typical pathways and methods through which information is shared among members within an organization or social group.

Shadow Organisation

Informal networks within an organization that operate alongside the formal structure, often influencing decision-making processes.