Adjusting journal entries are
A) prepared from the worksheet, entered in the general journal, then posted.
B) prepared before the completion of the worksheet.
C) not needed if a worksheet has been completed.
D) the last step before starting the next year's transactions.

Question

Quizplus · Accepted Answer

Adjusting journal entries are prepared from the information on the worksheet, entered in the general journal, and then posted. They are necessary to bring accounts up to date and to ensure that financial statements reflect the correct amounts.

Adjusting Journal Entries Are