Which One of the Following Is Not a Justification for Adjusting

question 60

Multiple Choice

Which one of the following is not a justification for adjusting entries?

• A)Adjusting entries are necessary to ensure that revenue recognition criteria are followed.
• B)Adjusting entries are necessary to ensure that expense recognition criteria are followed.
• C)Adjusting entries are necessary to enable financial statements to be in conformity with IFRS or ASPE.
• D)Adjusting entries are necessary to bring the general ledger accounts in line with the budget.

---

Definitions:

Relapse

The recurrence of symptoms or deterioration in a patient's state of health after a period of improvement.

Hallucination Reinterpretation

A therapeutic technique used to help individuals understand and cope with hallucinations in a way that reduces distress and improves functioning.

Acceptance

The psychological process of acknowledging reality or the truth of a situation without attempting to change it, resist it, or escape from it.

Trigger

Anything (event, situation, or object) that initiates a psychological or emotional reaction, often related to trauma or stress.