Which One of the Following Is Not a Justification for Adjusting

question 49

Multiple Choice

Which one of the following is not a justification for adjusting entries?

• A) Adjusting entries are necessary to ensure that the revenue recognition principle is followed.
• B) Adjusting entries are necessary to ensure that the expense recognition principle is followed.
• C) Adjusting entries are necessary to enable financial statements to be in conformity with GAAP.
• D) Adjusting entries are necessary to bring the general ledger accounts in line with the budget.

Grasp the significance of deliberate practice in mastering entrepreneurship skills.

Acknowledge the importance of family-owned businesses in the U.S. economy.

Identify the various costs associated with franchising a business.

Understand the role of deliberate practice in achieving high performance in entrepreneurship.

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Definitions:

Training Costs

The expenses incurred in the development and delivery of training programs for employees, aimed at enhancing their skills, knowledge, and performance.

Psychological Factors

Elements of human psychology that influence behavior, thinking, and emotional state.

Learning Principle

A foundational concept in educational psychology that explains how individuals acquire new knowledge or skills through various methods of learning.

Commitment

The dedication or loyalty of an individual or group to a cause, activity, organization, or relationship, often manifesting as continued involvement and effort.