Adjusting Entries Are Often Made Because Some Business Events Are

question 106

True/False

Adjusting entries are often made because some business events are not recorded as they occur.

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Definitions:

Reinforcer

Something that increases the likelihood of a behavior being repeated, used in behavior modification and conditioning theories.

Extinction

In behavioral psychology, the gradual weakening and eventual disappearance of a learned response, often due to the lack of reinforcement.

Behavior

The actions or reactions of an individual or group in response to external or internal stimuli.

Money

A medium of exchange that allows for the valuation of goods and services, facilitating trade and economic activity.