Adjusting Entries Are Prepared For________

question 9

Multiple Choice

Adjusting entries are prepared for________ .

• A)Prepaid Expenses
• B)Depreciation
• C)Drawing
• D)Both A and B

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Definitions:

Proximity

The principle suggesting that objects that are physically close to each other tend to be perceived as belonging together.

Closure

The psychological term that describes an individual's desire or tendency to seek a sense of completeness or wholeness in perceiving or organizing information or experiences.

Continuation

The process of extending or carrying something on over a period of time.