An Example of an Adjusting Entry Is

question 94

Multiple Choice

An example of an adjusting entry is

• A)cash collections from credit customers.
• B)payment of the principal and interest on a note.
• C)recognizing rent expense by reducing Prepaid Rent.
• D)declaring a cash dividend.
• E)buying inventory on open account.

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Definitions:

Link Master Fields

Refers to the process of connecting fields between two tables in a database to establish a relationship, enabling coordinated updates and queries.

Main Form

The primary form in a database or application that serves as the main interface for interacting with data or functionalities.

Subform

A form embedded within another form in a database application, typically used to display related records or detail information.

Primary Key

A unique identifier for each record in a database table, used to ensure that each record can be uniquely identified.