Adjusting Journal Entries

question 74

Multiple Choice

Adjusting journal entries:

• A) affect only balance sheet accounts.
• B) affect only income statement accounts.
• C) affect only cash flow accounts.
• D) affect both income statement and balance sheet accounts.

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Definitions:

Behaviours

The actions or reactions of an individual, in response to external or internal stimuli, observable by oneself or others.

Categorical Classification

A method of organizing or sorting entities into distinct categories based on shared characteristics or criteria.

Medical Classification

A system used in healthcare to categorize and encode diagnoses, symptoms, and procedures, facilitating easy storage, retrieval, and analysis of health information.

Classification System

A method of organizing or categorizing things based on shared qualities or characteristics.