Which of the Following Will Occur If an Adjusting Entry

question 69

Multiple Choice

Which of the following will occur if an adjusting entry to record an unrecorded receivable is NOT made?

• A) Both revenues and assets will be understated.
• B) Both revenues and assets will be overstated.
• C) Revenues will be understated, but assets will be overstated.
• D) Assets will be understated, but revenues will be overstated.

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Definitions:

Eye Ointment

A medication formulated for application to the eyes, used to treat or prevent various eye conditions.

Instillation

The process of slowly pouring or dropping a liquid into a body cavity or onto a surface.

Lower Eyelid

The lower portion of skin and tissue that covers and protects the eye; essential in the blink reflex and helps maintain eye moisture.

Sublingual Nitroglycerin

A medication used to relieve chest pain (angina) by dissolving under the tongue for rapid absorption into the bloodstream.