If the Effect of the Credit Portion of an Adjusting

question 125

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) increases the balance of a contra asset account
• B) increases the balance of an asset account
• C) decreases the balance of a stockholders' equity account
• D) increases the balance of an expense account

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Definitions:

Temperament

An individual's inherent personality traits, particularly those related to their emotional and behavioral responses from early childhood.

Chess And Thomas

Reference to Stella Chess and Alexander Thomas, known for their research in child development, notably the concept of temperament.

Scheme

A systematic plan or arrangement for attaining some particular object or putting a particular idea into effect.

Harry Harlow

an American psychologist best known for his maternal-separation and social isolation experiments on rhesus monkeys, which underscored the importance of caregiving and companionship in social and cognitive development.