Adjusting Entries

question 35

Multiple Choice

Adjusting entries:

• A)close the revenue accounts.
• B)close the expense accounts.
• C)adjust Cash.
• D)adjust Unearned Revenue.

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Definitions:

Random Phenomenon

An event or a process that cannot be predicted with certainty due to the random nature of its outcomes.

Independent

Pertaining to variables or events that are not influenced by other variables in the context of statistical analysis.

Dependent

Refers to a variable in a psychological experiment that is expected to change as a result of manipulations in the independent variable.

Independent

In statistics, refers to variables or samples that are not influenced by each other; in general, freedom from outside control or support.