If the Effect of the Credit Portion of an Adjusting

question 23

Multiple Choice

If the effect of the credit portion of an adjusting entry is to increase the balance of a liability account,which of the following describes the effect of the debit portion of the entry?

• A) It increases the balance of a contra asset account.
• B) It increases the balance of an asset account.
• C) It decreases the balance of an asset account.
• D) It increases the balance of an expense account.

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Definitions:

Avoiding Burnout

Strategies and practices aimed at preventing or dealing with physical, emotional, and mental exhaustion caused by prolonged stress.

Clarifying Values

The process of identifying and understanding one's personal or organizational values and principles.

Reducing Workload

The act of decreasing the amount of work assigned to an individual or team, often to improve balance and reduce stress.

Diffusion of Innovation

The process by which an innovation is communicated through certain channels over time among the members of a social system.