Which of the Following Statements About Adjusting Entries Is True

question 43

Multiple Choice

Which of the following statements about adjusting entries is true?

• A) Adjusting entries always include at least one balance sheet account and one income statement account.
• B) Adjusting entries may involve the cash account.
• C) Adjusting entries always involve an expense account.
• D) Adjusting entries are required whenever the accounting records are updated.

---

Definitions:

Exhalation

The process of breathing out or expelling air from the lungs, involved in the respiratory cycle.

Excretion

The process of eliminating waste products of metabolism and other non-useful materials from an organism's body.

Secretions

Substances produced and released by cells or glands in the body, which serve a variety of functions including lubrication, digestion, and defense.

Bleeding

The loss of blood from the circulatory system due to injury or illness.