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Adjusting entries are journal entries made at the end of an accounting period for the purpose of: Assigning revenues to the periods in which they
Adjusting entries are journal entries made at the end of an accounting period for the purpose of:
Assigning revenues to the periods in which they are earned. | ||
Assigning expenses to the periods in which they are incurred. | ||
Assuring that financial statements reflect the of revenues earned and the expenses incurred. | ||
All of the above. |
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