Which of the Following Is False? 141)

question 170

Multiple Choice

Which of the following is false? 141)

• A)Adjusting entries are not necessary under the cash basis of accounting.
• B)Adjusting entries always affect at least one revenue or one expense account and at least one asset or liability account.
• C)Adjusting entries are used to record the effects of internal economic events.
• D)Adjusting entries are made at the end of an accounting period.
• E)The cash account will usually be affected by adjusting entries.

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Definitions:

Perichondrium

A dense layer of connective tissue that surrounds cartilage, providing nutrients and support for cartilaginous structures.

Marrow

The soft tissue found in the hollow interior of bones where blood cells are produced.

Medullary Cavity

The central cavity of bone shafts where red bone marrow and/or yellow bone marrow (fat) is stored; also known as the marrow cavity.

Endosteum

A thin vascular membrane of connective tissue that lines the inner surface of bones, involved in bone growth and healing.