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:

Proportional

A relationship between two quantities where a change in one results in a corresponding change in the other, often depicted mathematically by a constant ratio.

Compass Needle

A magnetized pointer free to align itself with Earth's magnetic field, used for navigation.

Permanent Magnets

Magnets that do not require an external force to maintain their magnetic properties.

Field

In the context of electromagnetism, it refers to the region around a charged particle or object within which a force would be exerted on other charges or magnetic materials.