A Journal Entry Recording an Accrual

question 23

Multiple Choice

A journal entry recording an accrual:

• A) results in a better matching of revenues and expenses.
• B) will involve a debit or credit to cash.
• C) will affect balance sheet accounts only.
• D)will most likely include a debit to a liability account.

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Definitions:

Confirming Instances

Examples or occurrences that support a theory or a hypothesis.

Generalization

A broad statement or rule that applies to many examples, derived from specific cases.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Conclusion

The final part of something, notably an argument or text, where the main points are resolved or summarized.