Which of the following is true about adjusting entries? Multiple Choice They are necessary due to the conservatism principle. They can be done at the beginning or end of the accounting period. They are a necessary part of accrual-basis accounting. O They zero the balance of all income statement accounts.

Which of the following is true about adjusting entries? Multiple Choice They are necessary due to the conservatism principle. They can be done at the beginning or end of the accounting period. They are a necessary part of accrual-basis accounting. They zero the balance of all income statement accounts