Question $18$

Which one of the following is not a reason for which adjustments are made?

Select one:

a$.$ To allocate the earned portion of unearned revenue to reflect revenues earned during the period

To close the income statement accounts and prepare them for the following year's activity

c$.$ To allocate used or expired assets to reflect expenses incurred in the period

d$.$ To accrue expenses to reflect expenses incurred in the period that are not yet paid or recorded