The preparation of adjusting entries is: a. needed to ensure that the expense recognition principle is followed.
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Question:
The preparation of adjusting entries is:
a. needed to ensure that the expense recognition principle is followed.
b. straightforward because the accounts that need adjustment will be out of balance
c. optional when financial statements are prepared.
d. only required for accounts that do not have a normal balance.
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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