By ignoring and not posting the adjusting journal entries to the appropriate accounts, net income will always be overstated.

Name: By ignoring and not posting the adjusting journal entries to the appropriate accounts, net income will always be overstated.
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Question

Quizplus · Accepted Answer

Adjusting journal entries can either increase or decrease net income depending on the nature of the adjustments (e.g., recognizing unrecorded expenses would decrease net income, while recognizing unrecorded revenues would increase it).

By Ignoring and Not Posting the Adjusting Journal Entries to the Appropriate