An Adjusting Entry Could Not Consist Of

question 54

Multiple Choice

An adjusting entry could not consist of:

• A) A decrease to a liability and an increase to a revenue.
• B) An increase to an expense and an increase to a liability.
• C) An increase to an expense and a decrease to an asset.
• D) An increase to an expense and an increase to a revenue.

---

Definitions:

Scenario Summary Report

A condensed overview of a scenario, highlighting its main points, outcomes, and analyses.

Answer Report

A feature in some software applications that provides detailed explanations or solutions to specific queries or problems.

Numeric Solution

A solution involving numbers or a method of solving problems using numerical values.

Goal Seek

A function in spreadsheet software that finds the input value needed to achieve a specific target output in a formula or function.