Which of the Following Types of Transactions Could Be an Accrual

question 107

Multiple Choice

Which of the following types of transactions could be an accrual adjustment?

• A)An increase to an asset account and an increase to a liability account.
• B)An increase to a revenue account and an increase to an expense account.
• C)An increase to a liability account and an increase to a revenue account.
• D)An increase to a liability account and an increase to an expense account.

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Definitions:

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor, shaping how we perceive and interact with the world.

Fundamental Attribution Error

The tendency to attribute others' behaviors to their character rather than to external factors.

Cognitive Dissonance

The discomfort in one's psyche caused by the coexistence of several contradictory beliefs, ideas, or values.

Attribution

Attribution involves the process of explaining the causes or reasons behind behaviors or events, including the inference of personal traits or external circumstances.