Examlex

Solved

When Attempting to Minimize the Affect of Ageism on the Practice

question 3

Multiple Choice

When attempting to minimize the affect of ageism on the practice nursing of the older adult population, a nurse needs to first:


Definitions:

Adjusting Journal Entries

Entries made at the end of an accounting period to update balances of revenues and expenses to reflect the correct amounts earned or incurred during a period.

Accrual

A financial recording approach that logs income and expenditures at the time they occur, irrespective of the actual cash transaction timing.

Adjusting Journal Entry

A type of journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Accrual

The accounting practice that documents income and expenditures at the time they happen, irrespective of the timing of the actual cash flows.

Related Questions