At the End of the Month,the Adjusting Journal Entry to Record

question 3

Multiple Choice

At the end of the month,the adjusting journal entry to record the use of supplies would include:

• A)A debit to supplies and a credit to expenses.
• B)A credit to supplies and a debit to expenses.
• C)A debit to supplies and a credit to revenue.
• D)A credit to supplies and a debit to cash.

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Definitions:

Tort Law

A body of law that addresses and provides remedies for civil wrongs not arising out of contractual obligations.

Perilous Situations

Circumstances that present significant risk or danger to safety or well-being.

General Duty

An obligation or requirement that one must adhere to in a specific role or context, often implying a standard level of care or responsibility.

Causation

The relationship between an action and its effect, where the action is considered to be a contributing factor to the outcome or injury.