Which of the Following Statements Regarding Adjusting Entries Is True

question 16

Multiple Choice

Which of the following statements regarding adjusting entries is true?

• A)Accountants use adjusting entries to record explicit transactions at the end of each reporting period.
• B)Adjusting entries are made on a daily basis as cash is exchanged between parties.
• C)Adjusting entries have nothing to do with accrual accounting.
• D)Adjusting entries are made at periodic intervals,usually when the financial statements are about to be prepared.
• E)The recording of cash receipts from customers is an example of an adjusting entry.

---

Definitions:

Adolescent Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and loss of interest during adolescence.

Suicide Prevention Programs

Initiatives or strategies designed to reduce the incidence of suicide by providing support, education, and intervention methods.

Drinking

The act of consuming liquids, often specifically referring to the intake of alcoholic beverages.

Substance Use

The consumption of drugs, alcohol, or other chemical substances, which can range from moderate use to dependency.