If the Effect of the Credit Portion of an Adjusting

question 202

Multiple Choice

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

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

---

Definitions:

Previously Collected

Refers to data or information that has been gathered before the current research or analysis.

Quantitative Data

Information that can be measured and written down with numbers, often used in statistical analysis.

Represent Population

The process of ensuring that a sample accurately reflects the characteristics of the broader group from which it is drawn.

Quantitative Data

Numeric information that can be measured and quantified, often used for statistical analysis.