Adjusting Entries Are

question 40

Multiple Choice

Adjusting entries are

• A) not necessary if the accounting system is operating properly.
• B) usually required before financial statements are prepared.
• C) made whenever management desires to change an account balance.
• D) made to statement of financial position accounts only.

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Definitions:

Rotors

Discs attached to the wheels of a vehicle that the brake pads press against to slow or stop the car, as part of the disc brake system.

Hub

The central part of a wheel that connects it to the axle, bearing the load and allowing it to rotate.

Drum Brakes

A type of braking system using brake shoes pressed outward against a rotating drum to slow or stop a vehicle.

Disc Brakes

A type of brake that slows or stops a vehicle by squeezing brake pads against a disc or rotor attached to the wheel.