Which of the following is true about adjusting entries? - ProProfs Discuss
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Which of the following is true about adjusting entries?



A. Entries are necessary due to the conservatism principle
B. Entries can be done at the beginning or end of the accounting period
C. They zero the balance of all income statement accounts
D. They are a necessary part of accrual-basis accounting

This question is part of Exam 1
Asked by Tayhampton, Last updated: Sep 21, 2020

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tayhampton93

tayhampton

tayhampton93
Tayhampton

Answered Mar 07, 2018

They are a necessary part of accrual-basis accounting
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