Adjusting the accounts is the process of a. recording transactions as they occur during the period. b.

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Adjusting the accounts is the process of

a. recording transactions as they occur during the period.

b. updating the accounts at the end of the period.

C. zeroing out account balances to prepare for the next period,

d. subtracting expenses from revenues to measure net income.

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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