If the Accountant Failed to Make an Adjusting Entry at the End

question 139

Multiple Choice

If the accountant failed to make an adjusting entry at the end of the period to record depreciation for the period,the omission will cause:

• A) An overstatement of expenses.
• B) An overstatement of revenues.
• C) An understatement of assets.
• D) An overstatement of liabilities.
• E) An overstatement of assets.

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Definitions:

Variable Ratio Schedule

A reinforcement schedule in operant conditioning where rewards are provided after an unpredictable number of responses, promoting high and steady rates of behavior.

Positive Reinforcement

A technique in behavior modification that involves providing a reward following a desired behavior to increase the likelihood of its recurrence.

Disruptive Behaviour

Actions that disturb or interrupt normal processes, events, or activities, often marked by aggression or defiance.

Criticize

To express disapproval of someone or something based on perceived faults or mistakes.