Adjusting the accounts is the process of a. subtracting expenses from revenues to measure net income. b.

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Adjusting the accounts is the process of

a. subtracting expenses from revenues to measure net income.

b. recording transactions as they occur during the accounting period.

c. updating the accounts at the end of the accounting period.

d. zeroing out account balances to prepare for the next accounting period.

AppendixLO1

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Financial Accounting

ISBN: 9781292019543

3rd Global Edition Edition

Authors: Robert Kemp, Jeffrey Waybright, Pearson Education

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