Which Factor Plays a Part in Accounting for the Over

question 38

Multiple Choice

Which factor plays a part in accounting for the over 20 000 species of bees in the world?

• A) human activities
• B) bee-plant relationships
• C) favourable climate
• D) their exponential growth

Calculate expenses and revenues accurately based on provided data.

Prepare adjusting journal entries for various accounting scenarios.

Recognize the importance of adhering to the accrual basis of accounting.

Understand the concepts of prepaid expenses, unearned revenues, and accrued expenses.

---

Definitions:

Negligence

A legal concept where an individual fails to exercise a reasonable level of care, resulting in harm or damage to another person.

Principal

In law, a principal can refer to a party who grants authority to an agent to act in their stead; in finance, it can refer to the original amount of money invested or loaned, before any interest.

Unauthorized Signatures

Signatures made without the express permission or authority of the individual or entity purported to have signed, often leading to legal disputes.

Agency Authority

The legal capacity granted to an agent to act on behalf of someone else, allowing them to enter into contracts and make decisions.