Adjusting entries are typically prepared:
A)at the beginning of the accounting period.
B)at the end of the accounting period.
C)on a daily basis.
D)on a weekly basis.

Name: Adjusting entries are typically prepared: A)at the beginning of the accounting period. B)at the end of the accounting period. C)on a daily basis. D)on a weekly basis.
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Question

Quizplus · Accepted Answer

Companies wait until the end of the accounting period to adjust their accounts because daily adjustments would be costly and time-consuming.

Adjusting Entries Are Typically Prepared