Which of the Following Is True About Adjusting Entries

question 50

Multiple Choice

Which of the following is true about adjusting entries?

• A)Entries are necessary due to the conservatism principle.
• B)Entries can be done at the beginning or end of the accounting period.
• C)They zero the balance of all income statement accounts.
• D)They are a necessary part of accrual-basis accounting.

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Definitions:

Younger Employees

Individuals in the workforce who are in the earlier stages of their careers, typically characterized by a younger age bracket.

Older Employees

Individuals in the workforce who are often perceived as those nearing or beyond the traditional age of retirement, bringing valuable experience and stability.

Workplace Aggression

Hostile actions or behaviors in the workplace, including verbal and physical abuse, aimed at co-workers or the organization.

Psychological Acts

Behaviors or activities that emanate from mental functions or processes.