Which of the Following Types of Regulations Has the Highest

question 15

Multiple Choice

Which of the following types of Regulations has the highest tax validity?

• A)Procedural.
• B)Proposed.
• C)Interpretive.
• D)Legislative.
• E)None of the above.

---

Definitions:

Adjustments

Entries made in accounting records at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.

Account Balances

The amounts in financial accounts at a specific point in time, reflecting the difference between debits and credits.

Supplies Account

An account used in accounting to track the amount spent on supplies used within an organization.

Adjustment

Entries made in accounts to correct errors or allocate income and expenses to the correct accounting period.