Adjusting entries are needed a) every time cash is received.
B) every time financial statements are prepared.
C) every time expenses are incurred or revenue is performed.
D) never if you are reporting on an annual basis.

Question

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The Answer of Adjusting entries are needed a) every time cash is received.
B) every time financial statements are prepared.
C) every time expenses are incurred or revenue is performed.
D) never if you are reporting on an annual basis.

Adjusting Entries Are Needed A) Every Time Cash Is Received