Which One of the Following Is Not a Justification for Adjusting

question 188

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.

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Definitions:

Blastula

An early stage of embryonic development in animals, characterized by a hollow sphere of cells surrounding a fluid-filled cavity.

Zona Pellucida

A thick, transparent membrane surrounding the plasma membrane of mammalian oocytes and early embryos.

Granulosa Cells

Cells that surround developing eggs in the ovary and secrete hormones important for egg maturation and the menstrual cycle.

Telolecithal Eggs

Eggs containing a large amount of yolk concentrated at one pole, common in birds, reptiles, and some fish.