The Main Purpose of Adjusting Entries Is To

question 177

Multiple Choice

The main purpose of adjusting entries is to:

• A) Record external transactions and events.
• B) Record internal transactions and events.
• C) Recognize assets purchased during the period.
• D) Recognize debts paid during the period.
• E) Correct errors.

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Definitions:

MiFi

A portable broadband device that enables users to create a personal hotspot and connect several mobile devices to the internet wirelessly.

WiMAX

Worldwide Interoperability for Microwave Access, a wireless communication standard designed for providing broadband wireless access over long distances.

Cellular Networks

Wireless communication networks made up of cells, allowing mobile phones and other devices to connect to the internet and each other over large areas.

Digital Signals

A representation of data in a sequence of discrete values, as opposed to continuous or analog signals.