The Logic of Specific Deterrence Is That Making an Example

question 17

True/False

The logic of specific deterrence is that making an example of a convicted criminal serves as a warning to would-be offenders contemplating the same act.

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Definitions:

Accrual

The accounting principle of recording revenues and expenses when they are incurred, regardless of when cash transactions occur.

Contra Asset

A balance sheet account used to reduce the value of related asset accounts to report their net value; examples include accumulated depreciation or allowance for doubtful accounts.

Prepayment

Payments made in advance for goods or services, recorded as an asset on the balance sheet until the corresponding goods or services are received.

Adjusting Entries

At the end of a financial period, entries are made in the books to correctly allocate profits and outlays to the period they belong to.