An Adjusting Entry Made at the End of an Accounting

question 18

Multiple Choice

An adjusting entry made at the end of an accounting period that reflects the exchange of cash prior to performance of a related event is classified as a(n)

• A) accrual entry.
• B) deferral entry.
• C) revaluation entry.
• D) correcting entry.

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Definitions:

Microstructures

Refers to the patterns or arrangements of social relations and interactions on a small scale, such as in groups or face-to-face interactions.

Postindustrial Revolution

Refers to the technology-driven shift from manufacturing to service industries and the consequences of that shift for virtually all human activities.

Harriet Martineau

A British social theorist and writer who is often considered the first female sociologist for her significant contributions to the field.

Latent Functions

Refer to the unconscious or unintended consequences of social processes, beneficial for the smooth operation of society.