What Is the Effect on Account Balances When an Adjusting

question 93

Multiple Choice

What is the effect on account balances when an adjusting entry to record an unrecorded receivable is made?

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

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Definitions:

Endodermis

A layer of cells in the root of a plant that acts as a barrier to the free movement of substances between the soil and the vascular tissue.

Agricultural Soil

Soil that is used or suitable for farming activities, characterized by its fertility and ability to support crop production.

Loam

A rich soil blend, containing a balance of silt, sand, and clay, along with organic matter.

Epiphytes

Plants that grow on other plants for physical support but do not derive nutrients from them, obtaining moisture and nutrients from the air, rain, and sometimes from debris accumulating around them.