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:

Phonology

The sound system of a language, which includes the sounds used and rules about how they may be combined.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, including word order.

Telegraphic

A form of communication resembling telegram style, typically using short and simple phrases to convey messages.

Holophrastic

Pertaining to the phase in early child language development in which single words are used to express complex meanings.