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Which of the following statements is not true about adjusting entries? Adjusting entries should be dated as of the last day of the accounting period.
Which of the following statements is not true about adjusting entries?
- Adjusting entries should be dated as of the last day of the accounting period.
- An explanation is normally included with each adjusting entry.
- After adjusting entries are made in the journal, they are posted to the ledger.
- Adjusting entries are typically recorded on the last day of the accounting period.
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Accounting Principles
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
8th Edition
0471980196, 9780471980193
