Adjusting Entries That Are Made to Reflect Differences Between the Actual

question 17

Multiple Choice

Adjusting entries that are made to reflect differences between the actual and recorded value of an asset or a change in accounting principle are called

• A)reconciliations.
• B)revaluations.
• C)estimates.
• D)accruals.

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Definitions:

NFC

Short for Near Field Communication, a set of communication protocols that enable two electronic devices to establish communication when they are within 4 cm of each other.

CRM

Customer Relationship Management, a strategy for managing an organization's relationships and interactions with current and potential customers.

Mobile CRM

A CRM approach that enables access to customer data, interaction capabilities, and customer management tools through mobile devices, enhancing flexibility and outreach.

On-demand

Refers to services or systems that are available anytime as per the user's request or need.