Adjusting Entries Are Not Necessary If the Trial Balance Debit

question 183

True/False

Adjusting entries are not necessary if the trial balance debit and credit columns balances are equal.

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Definitions:

Internal Rate Of Return

A metric used in capital budgeting to estimate the profitability of potential investments.

Discount Factor(s)

A multiplicative factor used to determine present value of future cash flows, reflecting the time value of money and risk of the cash flows.

Straight-Line Depreciation

A technique for distributing the expense of a physical asset across its lifespan in uniform yearly sums.

Straight-Line Depreciation

A method of allocating an asset's cost evenly across its useful life, resulting in a consistent annual depreciation expense.