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:

Personality Disorders

Mental health conditions involving long-term patterns of thoughts and behaviors that significantly differ from cultural expectations and lead to distress or impairment.

Clusters

Groups of similar items, people, or events that are positioned closely together, often implying some shared characteristics.

Inflexible

Lacking flexibility; unable to change or adapt to new situations or perspectives.

Maladaptive

Behaviors or thoughts that are counterproductive and interfere with an individual’s ability to effectively cope with stress, challenges, or goals.