Which One of the Following Is Not a Justification for Adjusting

question 49

Multiple Choice

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

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

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Definitions:

Personality Issues

Concerns or problems related to an individual's character traits that can affect their behavior and interactions in various contexts, including the workplace.

Participation

The act of taking part in activities or contributing to group efforts.

Process

A series of actions or steps taken to achieve a particular end.

Norm

An understood rule for accepted and expected behavior in a society or group.