Which of These Would Be Considered a Reclassifying Entry

question 9

Multiple Choice

Which of these would be considered a reclassifying entry?

• A) a significant amount of inventory was found which had not been included in the accounts and subsequently was by the auditors.
• B) payroll owing for the last five days of the financial year was recorded by management.
• C) the accounts receivable balance is debited by the auditors to separately show customer accounts with credit balances relating to customer advances.
• D) depreciation on the office equipment was recorded by the accountant

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.