End of Period Adjustments Are Most Often the Result Of

question 41

Multiple Choice

End of period adjustments are most often the result of:

• A)errors in recording previous transactions.
• B)closing off the accounts.
• C)errors found in the trial balance.
• D)timing differences.

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Definitions:

Psychotherapy

A form of therapy that involves talking with a mental health professional to address emotional issues and mental disorders.

Free Association

In psychoanalysis, a method of exploring the unconscious in which the person relaxes and says whatever comes to mind, no matter how trivial or embarrassing.

Repress

To unconsciously block unpleasant feelings, desires, or experiences from one's awareness as a defense mechanism.

Paraphrase

The act of rewording or rephrasing a text or statement to clarify its meaning, often to achieve greater understanding.