Which of the Following Is Not a Purpose of Adjusting

question 50

Multiple Choice

Which of the following is not a purpose of adjusting entries?

• A)To prepare the revenue and expense accounts for recording transactions of the following period.
• B)To apportion the proper amounts of revenue and expense to the current accounting period.
• C)To establish the proper amounts of assets and liabilities in the balance sheet.
• D)To accomplish the objective of offsetting the revenue of the period with all the expenses incurred in generating that revenue.

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Definitions:

Disfranchising

The act of revoking the right to vote from individuals or groups, often used as a means of political and racial exclusion.

Felony Convictions

Legal judgments that a person has committed a felony, which are serious crimes typically punishable by imprisonment for more than one year or by death.

Nation-building Projects

Efforts by governments or organizations to construct a national identity, infrastructure, government, and economy, particularly after war or conflict.

Policymakers

Individuals or groups responsible for creating and implementing laws, regulations, and guidelines intended to manage public affairs and influence social, economic, and political life.