At the End of the Month,the Adjusting Journal Entry Relating

question 45

Multiple Choice

At the end of the month,the adjusting journal entry relating to the use of supplies would include a:

• A)debit to Supplies and a credit to Supplies Expense.
• B)credit to Supplies and a debit to Supplies Expense.
• C)debit to Supplies and a credit to a revenue account.
• D)credit to Supplies and a debit to Cash.

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Definitions:

Morning Bias

A cognitive bias where individuals may have a preference or exhibit better performance and decision-making skills in the morning.

Leniency

The tendency to perceive the job performance of ratees as especially good.

Gross Errors

Significant mistakes or inaccuracies that can drastically affect the outcome of a task or experiment, usually due to negligence or oversight.

Validity

The extent to which a test, measure, or research study accurately reflects or assesses the specific concept that it is intended to measure.