​Which of These Is Not a Major Area of State

question 8

Multiple Choice

​Which of these is not a major area of state spending in Texas?

• A)​education
• B)​health and human services
• C)natural resources
• D)​public safety/criminal justice
• E)​business and economic development

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the correct accounting periods, ensuring the financial statements are in accordance with the accrual basis of accounting.

Annual Accounting Period

A 12-month timeframe over which a company measures its financial performance and prepares financial statements.

Chart of Accounts

A structured list of all the financial accounts in the general ledger of a company, organizing financial transactions during an accounting period.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the correct period.