Which of the Following Is NOT a Correct Statement About

question 32

Multiple Choice

Which of the following is NOT a correct statement about adjusting entries?

• A)Every adjusting entry affects Cash.
• B)Every adjusting entry affects the balance sheet.
• C)Every adjusting entry affects net income.
• D)Every adjusting entry must balance.

---

Definitions:

Declarative Memory

A type of long-term memory that involves the conscious recollection of factual information, experiences, and concepts.

Explicit Memory

A type of long-term memory that involves conscious recall of facts and experiences.

Procedural Memory

A type of long-term memory that enables people to perform tasks without consciously thinking about them, such as riding a bicycle or typing on a keyboard.

Implicit Memory

A kind of memory that helps improve task performance through past experiences without the individual being consciously aware of those experiences.