What Effect Will This Adjusting Journal Entry Have on the Accounting

question 121

Multiple Choice

What effect will this adjusting journal entry have on the accounting records?

• A)increase income
• B)decrease net income
• C)decrease expenses
• D)increase assets

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Definitions:

Agricultural

Relating to the cultivation of land and breeding of animals and plants to provide food, fiber, medicinal plants, and other products.

Government Ownership

The possession and control of enterprises, assets, or property by a governmental body or authority, rather than private individuals or companies.