An Adjusting Entry

question 127

Multiple Choice

An adjusting entry

• A) affects two balance sheet accounts.
• B) affects two income statement accounts.
• C) affects a balance sheet account and an income statement account.
• D) is always a compound entry.

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Definitions:

Kindergarten

A preschool educational approach traditionally based on playing, singing, practical activities such as drawing, and social interaction as part of the transition from home to school.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Evolutionary Theory

A theory that explains the diversity of life on Earth and the processes by which organisms change over generations through mechanisms such as natural selection and genetic drift.