Accounts Often Need to Be Adjusted Because

question 94

Multiple Choice

Accounts often need to be adjusted because

• A) there are never enough accounts to record all the transactions.
• B) many transactions affect more than one time period.
• C) there are always errors made in recording transactions.
• D) management can't decide what they want to report.

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Definitions:

Biogeochemical Pathway

Cycles that involve the movement and chemical transformation of substances through biological, geological, and chemical processes on Earth.

Elements

Substances that cannot be broken down into substances with different properties; composed of only one type of atom.

Reservoir

Location in a biogeochemical cycle where a chemical or resource is stored for long periods of time and is typically unavailable to living organisms.

Biotic Factor

Any living component that affects another organism or shapes the ecosystem, including animals, plants, and microorganisms.