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.

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Definitions:

Sickle-cell Anemia

A genetic blood disorder characterized by the production of abnormal hemoglobin, leading to distorted (sickle-shaped) red blood cells, causing chronic pain and other complications.

Allele

One of two or more alternative forms of a gene that arise by mutation and are found at the same place on a chromosome.

Sickle-cell Anemia

A genetic blood disorder caused by the presence of an abnormal form of hemoglobin, leading to misshapen red blood cells.

Frequencies

The rate at which a repeating event occurs, such as the number of cycles of a wave per second in physics or the occurrence of a gene variant within a population in genetics.