Question

In: Accounting

Adjusting entries are


Adjusting entries are 

  • not necessary if the accounting system is operating properly. 

  • usually required before financial statements are prepared. 

  • made whenever management desires to change an account balance. 

  • made to balance sheet accounts only.

Solutions

Expert Solution

Option B

Adjusting entries

Are usually required before financial statements are prepared

Adjusting entries are used to made financial statements on accrual basis


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