If the Effect of the Debit Portion of an Adjusting

question 49

Multiple Choice

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

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

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Definitions:

Adherence

The act of following or sticking to a plan, instruction, or set of rules.

Organizational Politics

Behavior that is not formally sanctioned by the organization and that is focused on maximizing our self-interest, often at the expense of the organization or other employees.

Coalition Building

is the process of forging alliances or partnerships among groups or individuals to achieve shared goals or address common issues.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of an organization.