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:

Aging

The process of becoming older, which involves changes in the biological, psychological, and social structures of individuals over time.

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make a contribution to their community.

Aging

The process of becoming older, a natural and complex phenomenon that involves biological, environmental, and psychological changes over time.

Mental Disorders

Health conditions characterized by alterations in thinking, mood, or behavior (or some combination thereof) associated with distress and/or impaired functioning.