Because Adjusting Entries Allow the Proper Application of the Revenue

question 49

True/False

Because adjusting entries allow the proper application of the revenue recognition principle or the matching principle,they are a necessary part of cash-basis accounting.

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Definitions:

Transference

A phenomenon that occurs when clients start relating to their therapist in ways that mimic critical relationships in their lives.

Congruence

The degree to which things agree, match, or are in harmony with each other, often used in the context of personal values and behaviors.

Interpretation

A therapist’s attempts to explain the inner significance of the client’s thoughts, feelings, memories, and behaviors.

Free Association

A psychotherapeutic technique in which clients spontaneously express their thoughts and feelings exactly as they occur, with as little censorship as possible.