The Purposes of the Adjusting Process Are

question 95

Multiple Choice

The purposes of the adjusting process are:

• A) to adjust expenses and revenues to the proper accrual basis.
• B) to adjust asset and liability balances to the proper accrual basis.
• C) to adjust expenses and revenues as well as asset and liability balances to the proper accrual basis.
• D) none of the above.

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Definitions:

Approach

A method or way of dealing with a problem or task, or the act of moving towards something.

Cognitive Approach

A psychological perspective that focuses on how people perceive, think about, and understand their worlds, emphasizing mental processes like memory, perception, and problem-solving.

Aggressive Behavior

Actions that are initiated with the intention of harming another individual physically or psychologically.

Rewarded

The receipt or anticipation of a positive outcome, often as a result of specific actions or behaviors, that serves to reinforce those actions.