Adjusting entries are used to:
A) Close temporary accounts at year end
B) Close permanent accounts at year-end
C) Bring account balances up to date at year end
D) All the choices are correct
Correct Answer:
Verified
Q3: Types of adjusting entries include all of
Q4: Adjusting entries for accrued expenses typically include
Q5: Adjusting entries for unearned items typically include
Q6: Adjusting entries for accrued revenues typically include
Q7: To prepare a Trial Balance,select:
A)Reports Center >
Q9: To print an Adjusted Trial Balance,select:
A)Reports Center
Q10: Sales are recorded under cash basis accounting
Q11: An accounting period may be:
A)One quarter
B)One month
C)One
Q12: Unearned revenue occurs when:
A)Customers pay after receiving
Q13: The order of the steps in the
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