Follow Up Assessment Occurs

question 8

Multiple Choice

Follow up assessment occurs:

• A) exactly one year from the end of treatment
• B) any point ranging form weeks to years after treatment
• C) no more than one month after treatment
• D) only several years after the end of treatment

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Definitions:

Adjusting Entry

An accounting record made to update the balances of accounts to reflect the true financial position before preparing financial statements.

Unexpired Insurance

The portion of the insurance premium that has not yet expired or been used up, considered a prepaid expense.

Office Supplies

Consumable items that are used in the daily operations of an office like pens, paper, and staplers.

Adjusting Entry

A journal entry made in accounting to update the record of revenues earned or expenses incurred that have not been previously recorded.