Which Adjustment Would Never Require a Reversing Entry

question 62

Multiple Choice

Which adjustment would never require a reversing entry?

• A) Accrued revenue
• B) Accrued expense
• C) Prepaid income (cash received originally recorded in an income account)
• D) Depreciation

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Definitions:

Teams and Organizations

focuses on the structures, dynamics, and outcomes associated with groups of individuals working collectively within organizational settings.

Followers

Individuals who support and are guided by a leader, contributing to the achievement of the leader’s or group’s objectives.

Leaders

Individuals who guide, influence, or direct others towards achieving collective goals, often by inspiring or motivating them.

Burns

Often associated with burns transformational leadership theory, focusing on how leaders can inspire followers to achieve extraordinary outcomes.