Adjusting Entries Normally Involve

question 62

Multiple Choice

Adjusting entries normally involve

• A) real accounts only.
• B) nominal accounts only.
• C) real and nominal accounts.
• D) liability accounts only.

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Definitions:

Fair Housing Act (FHA)

A law enacted in the United States in 1968 aimed at prohibiting discrimination concerning the sale, rental, and financing of housing based on race, religion, national origin, sex, (and as later amended) disability and family status.

Cognitively Disabled

Cognitively disabled refers to individuals who have significant limitations in intellectual functioning and adaptive behavior, affecting their social and practical skills.

Negligently

Acting negligently involves failing to take reasonable care to avoid causing harm or loss to another person, leading to legal liability for any resulting damages.

Premises

Land and the buildings on it, or the legal terms of an agreement.