Only One of the Following Could Be an Adjusting Entry

question 13

Multiple Choice

Only one of the following could be an adjusting entry which one is it?

• A)An increase in an asset and an increase in a liability
• B)A increase in an expense and an increase in a revenue
• C)A decrease in an asset and a decrease in a expense
• D)An decrease in an asset and an increase in a liability

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Definitions:

Transitions

The process or period of changing from one state or condition to another.

Professional Editors

Individuals skilled in reviewing and revising text or content, ensuring clarity, correctness, and suitability for the intended audience.

Grammarians

Experts or scholars specialized in the rules and principles of grammar, often studying the structure and function of language.

Correct Usage

The appropriate and accurate application of rules or standards within a specific context, such as language grammar or technology.