The Posting of Adjusting Journal Entries Is the Second Activity

question 43

Multiple Choice

The posting of adjusting journal entries is the second activity found in the general ledger system.Adjusting entries fall into several categories.An adjusting entry made at the end of an accounting period that reflects the exchange of cash prior to performance of a related event is called a(n)

• A)accrual entry.
• B)deferral entry.
• C)revaluation entry.
• D)correcting entry.

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